Being an automotive magazine, we have neither the time nor the financial acumen to discuss the various effects and causes of inflation. Suffice to say, just about everybody of driving age can remember a time when a dollar seemed to go a lot further. But just how out of whack have prices gotten, especially when it comes to automobiles?
Jalopnik went ahead and did some snooping into how inflation has affected the price of many cars we know and love, and what they found is that it isn’t just inflation at work. Automakers are jacking up the price of their cars, and in the case of the Ford Mustang, it works out to thousands of dollars.
In 1964, you could get a Ford Mustang for a MSRP of $2,368 for a base model pony car. Today, that works out to $17,676. However, the actual MSRP for a 2013 Mustang V6 is $22,200, though we think it is fair to point out that today’s Mustang comes with many, many, MANY more standard features than the original. This includes air conditioning, power windows, and a ton of safety features.
But what about other Mustangs, like the 1967 Shelby GT500? The original MSRP was $4,195, which seems like a criminal bargain in today’s collector car market. That works out to just about $31,300, which is almost $25,000 shy of the $55,000 the 2013 Shelby GT500 costs. Ford is definitely turning a hefty profit on that Mustang.
Just a little perspective for you all; a dollar really doesn’t go as far as it used to.