On October 1, 1908 - Ford puts the Model T car on the market at a
price of $850

PIC
https://pbs.twimg.com/media/F7WZH0saEAAOE2D.jpg

@engineers_feed

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JAB <here@is.invalid> writes:

On October 1, 1908 - Ford puts the Model T car on the market at a
price of $850

PIC
https://pbs.twimg.com/media/F7WZH0saEAAOE2D.jpg

So around 11% of median househols income. Low-end Toyota today 40% to
50% of median income.

@engineers_feed

--
Mike Spencer Nova Scotia, Canada

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On 04 Oct 2023 01:48:57 -0300, Mike Spencer
<mds@bogus.nodomain.nowhere> wrote:

On October 1, 1908 - Ford puts the Model T car on the market at a
price of $850

PIC
https://pbs.twimg.com/media/F7WZH0saEAAOE2D.jpg

So around 11% of median househols income. Low-end Toyota today 40% to
50% of median income.

Other factors to consider.....


The United States in 1900
...
...
In 1900, the average family had an annual income of $3,000 (in today's dollars). The family had no indoor plumbing, no phone, and no car.
About half of all American children lived in poverty. Most teens did
not attend school; instead, they labored in factories or fields.

https://www.digitalhistory.uh.edu/disp_textbook.cfm?smtID=2&psid=3175

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On 10/4/2023 12:48 AM, Mike Spencer wrote:

JAB<here@is.invalid> writes:

On October 1, 1908 - Ford puts the Model T car on the market at a
price of $850

PIC
https://pbs.twimg.com/media/F7WZH0saEAAOE2D.jpg

So around 11% of median househols income. Low-end Toyota today 40% to
50% of median income.

Ford's intention was to price the cars so his employees can buy them.
Smart man!

Another side to look at: In today's prices, I can get a running used
car for $850 (albeit not a great one), and run it around. I currently
own quite a number of these vehicles, and at least a few of them are
running. Anyway, this was not possible over 100 years ago, because
there wasn't really a "used car market" then. I have bought a new car
from a dealer exactly once, and I won't be doing that again. I buy
everything private party now.

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On Fri, 06 Oct 2023 17:37:06 -0400, Michael Trew
<michael.trew@att.net> wrote:

In today's prices, I can get a running used
car for $850 (albeit not a great one), and run it around.

In larger cities, these vehicles exist, but in rural areas, the
pickens are slim, and usually, it ain't worth fixing up.

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On 10/6/2023 8:48 PM, JAB wrote:

On Fri, 06 Oct 2023 17:37:06 -0400, Michael Trew
<michael.trew@att.net> wrote:

In today's prices, I can get a running used
car for $850 (albeit not a great one), and run it around.

In larger cities, these vehicles exist, but in rural areas, the
pickens are slim, and usually, it ain't worth fixing up.

I travel over an hour to find vehicles. Sometimes flip them as a hobby.

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On Sun, 08 Oct 2023 09:27:31 -0400, Michael Trew
<michael.trew@att.net> wrote:

I travel over an hour to find vehicles.
Sometimes flip them as a hobby.

Sometime after 2000, the Internet made it easier to flip vehicles,
with freebie advertisements.

Flipping as seen now was not a common practice in newspapers' days; it
cost money to place those ads. Many vehicles went to salvage yards.

Further, the buying cost now for these vehicles needing maintenance
has increased. $10-20k for a ten year old vehicle with 100,000+
miles, are you kidding.

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