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Rusty

FBBO Gold Member
FBBO Gold Member
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Oldies but ya gotta love the prices

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Well I sure didn't get mine for 13 grand.. I'm feeling ripped off!! :rolleyes:

I deleted my original post for $2,000 this should be a closer comparison. (You're too quick!)

$3,000 in 1970 is equivalent in purchasing power to about $20,133.09 in 2020, a difference of $17,133.09 over 50 years. The 1970 inflation rate was 5.72%. The current year-over-year inflation rate (2019 to 2020) is now 1.18% 1.
 
Doing a bunch of GIS this morning, I come up with the following:

Average new car cost 1970: $3,542.00 ---> equivalent to $23,770.00 in 2020.

Average new car cost 2020: $37,876.00 ---> equivalent to $5,643.84 in 1970.

The difference in average new car cost in 2020 dollars: $14,106.00

The difference in average new car cost in 1970 dollars: $2,101.00

It's not just your imagination - adjusted for inflation, for today's average American
the average new car costs a TON more comparably than it did in 1970.
Tons of factors involved as to why, of course....

If you had the equivalent money to spend in 1970 that you would spend in 2020 though,
you could have basically bought two new cars to one today.
Food for thought.
 
How about parts ? I remember building my first car. A new Carter Competition 750 AFB was $60.
AND I had to save up to buy it .
 
Had to make payments on my first carry-around Wizard tool box from Western Auto (3/4 ' drive ratchet & sockets). 1966.:eek:
 
1972, I worked at a "service" station after school and on saturdays... $1.50 hr... It takes ALOT of hours to make $10 bucks at that rate..
 
Rebuilt my first 440 in 1976. Cost was $250 and thats including bearings, rings, gaskets, valve job and boil and hone block. But like Joe said, at $1.50 an hour it takes a long time to save
 
Yep, $350 CDN total cost to have my 383 HP rebuilt by a reputable rebuilder in 1978. It's still running smooth as silk 42 years later with no work other than a new timing chain (that it could have gone without changing) and valve seals.
 
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