My grandpa used to be a big car enthusiast, and I want to learn more about what cars were like when he was a kid. How much did a new car cost in 1933?
Reviewed by Shannon Martin, Licensed Insurance Agent.
The history of cars is both fun and complex! The average cost of a new car in 1933 was around $600. That said, this would be equivalent to around $12,000 today.
Given that the average vehicle costs about $35,000 today—these are pretty shocking numbers! But the sharp rise in vehicle costs since 1933 is due to a mix of inflation and increased complexity. Nowadays, cars include computers, parking sensors, screens and a variety of other accessories that would have been unthinkable 90 years ago!
As cars became more powerful and complex, insurance policies also grew to be expensive and complicated. Luckily, the
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