Some cars are cheaper than they used to be, Consumer Reports study finds
Fox News
Consumer Reports has found that many car prices are lower or the same as they were decades ago when adjusted for inflation, while buyers are choosing more expensive models.
The organization took a look at the 1,900 cars it has purchased for testing over the past four decades and discovered that, when adjusted for inflation, the prices for most had dropped significantly or stayed the same. For example, in 1996 it bought a Toyota Camry for $20,509.31 that would be $33,220.09 now, while the latest Toyota Camry Hybrid it purchased cost $29,000. Similarly, a 1993 Corolla was $15,331, or $28,122.82 today, which would get you a fully-loaded top-of-the-line 2021 model.More Related News