Quote:
Originally Posted by darcane
Your math doesn't check out...
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No it doesn't for 2020. (and now I notice the fine print at the bottom of the DOE chart I used for 1990 - 2010 says it is for cars only and does not include light trucks so all those numbers are useless.
Quote:
Originally Posted by darcane
Compare like to like?
The Accord is a sedan or coupe, and that market is rapidly disappearing, so there is a huge downward pressure on the price.
Meanwhile if we look at a Suburban, which is roughly the same size in both 1993 and 2023, it's gone from $21,920 to $57,200 for the base model. Nearly triple.
(and from ~$33,500 to $106,000 fully optioned!)
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$21,920 in 1993 is $46,478 in 2023 dollars. So the base Suburban has gone up 10,722 or 23%. Trucks and some body-on-frame SUVs have gone up in price from the days that they were work vehicles with rubber floor mats and crank windows. When light trucks become the preferred commuting and family vehicle they got the same options and toys as sedans.
If we look at some other long-running SUVs - they are all cheaper today.
1993 Ford Explorer 4D = $21,401 ($45,377.51 in 2023 dollars)
2023 Ford Explorer = $36,760 (Down $8,617 or 19%)
2001 Ford Escape = $19,975 ($34,551.24 in 2023 dollars)
2023 Ford Escape = 29,345 ( Down $5,206 or 15%
*The Bronco Sport is more true to the design of the original Escape but it is still cheaper at $31,230
1996 Toyota RAV4 4D = $17,758 ($34,661 in 2023 dollars)
2023 Toyota RAV4 = $28,275 ( Down $6,386 or 18%)
2000 Honda CRV 4D = $19,465 ($34,585 in 2023 dollars)
2023 Honda CRV = $28,420 (Down $6,165 or 18%)
The Metro is no more but we still have the Mirage
1993 Geo Metro Hatch 4 door = $8,505 ($18,033 in 2023 dollars)
2023 Mitsubishi Mirage Hatch 4 door = $16,695 (Down $1,338 or 7%)
Old vehicle MSRP from KBB. New from the factory websites
