roadpilot
Well-Known Member
A 1991 base GT 5.0 hatchback was ~$13K when I bought it new.Looks like we are both carguys from the same generation…The point I tried to make that not too long ago you could buy a car like a Fox body 5.0 that was probably more fun because it was light and torquey for way less money…Car prices have risen like crazy look like a new $30000 car that looks like a Mustang while wages or real take home stayed where it was 30 years ago…No wonder younger people are not enthusiastic about cars/motorcycles anymore because they cant afford anything new anymore anyways…
That would be ~$30K in 2024 dollars.
A 2024 Mustang GT Fastback starts at $41,960.
That's right about a 40% increase.
US average annual individual income in 1991 was $22,158.
That's $49,638 in 2023 dollars (most recent available data).
In 2023, it was $69,029.61.
That's right about a 40% increase.
Doesn't seem that far off to me.
I agree with Q6543 and his last statement.
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