Grundy County Herald

Follow Us On:

Test Pushdown

Did You Know

Posted on Wednesday, March 9, 2016 at 8:13 am

According to the popular website, the average price for a new car in 1986 was $9,255.carhiregiftvoucher

While figures for 2016 have yet to be determined, in September 2015, the automotive resource Kelley Blue Book ( reported that the average transaction price for light vehicles in August 2015 was $33,543.

Those figures should raise eyebrows among consumers, as they illustrate just how much more expensive new cars have become over the last three decades. The U.S. Bureau of Labor Statistics Consumer Price Index inflation calculator indicates that $9,255 in 1986 had the same buying power as $20,041.47 in 2015, leaving consumers in 2015 well short of the necessary funds needed to purchase new vehicles.

If new vehicle buyers in 1986 were faced with similar average car costs as buyers in 2015 faced, they would have needed $15,489.91 to drive a new car home from the dealership.