In 1924, a Model T cost $260.
The Model T revolutionized the automotive industry by being the first truly mass-produced car that was affordable for a wide audience, making car ownership accessible to millions. Its price significantly decreased over the years due to innovations in manufacturing, particularly the implementation of the assembly line.
The Declining Cost of the Model T
When it was first introduced, the Model T had a higher price point, but continuous improvements in production efficiency led to a remarkable reduction in its cost. This affordability was a key factor in its widespread success and its impact on American society.
Here's a look at how the price evolved:
| Year | Price |
|---|---|
| 1909 | $850 |
| 1924 | $260 |
This drastic price drop meant that more people could afford a car. For instance, by 1914, an average assembly line worker could purchase a brand new Model T with just four months' worth of pay, highlighting its unprecedented accessibility. The Ford Motor Company's commitment to efficiency and cost reduction made the Model T a symbol of affordable transportation.
