New cars haven't changed in price really have they?

[okie592]

spotted this today:

http://i1207.photobucket.com/albums/bb466/okie363/...

which got me thinking, people are always banging on about cars getting more and more expensive, so i googled what £19k in todays money is, which is £30k. so in 18 years cars haven't really gone up if you compare the fiat coupe to the GT86.


so stop ya moaning £30k for a golf indeed.

[Mr2Mike]

A Mk1 Golf GTi in 1976 was £3707 new, what's the equivalent now?

[smiffy180]

Mr2Mike said:

A Mk1 Golf GTi in 1976 was £3707 new, what's the equivalent now?

£22,627

[anonymous-user]

Inflation just doesn't work for cars, considering how more complex they are nowadays.

What was the disposible income as a perentage of the car purchase back in the old days.

[worsy]

Mr2Mike said:

A Mk1 Golf GTi in 1976 was £3707 new, what's the equivalent now?

Average salary in 1976 was 3744 (info here http://news.bbc.co.uk/1/hi/3519662.stm)

Car was therefore 99% of salary

Average salary in 2012 was 26500 (info here http://www.bbc.co.uk/news/business-20442666)

Golf GTi in 2013 is 26125 (slightly up on 2012)

Considering the VAT rate in 76 (from April) was 12.5% it's not too bad.
Add in the fact that 3744 in todays money is just over 22k and both cars and salary have increased.

Edited by worsy on Sunday 17th November 18:16