In 1972, a new car such as a Ford Mustang could be purchased for approximately $2,510.
The Price of a New Car in 1972
The cost of a new car in 1972 was significantly lower than contemporary prices. While vehicle costs varied depending on the make, model, and optional features, a popular model like the Ford Mustang offered a relatively affordable option for car buyers.
To provide context, that original 1972 price of $2,510 translates to approximately $17,636 when adjusted for inflation to today's dollars. This demonstrates the impact of inflation on purchasing power over the past five decades.
Cost Comparison: 1972 vs. Today
To illustrate the stark contrast, consider the price points for a Ford Mustang then and now:
| Vehicle | Year | Approximate Cost | Equivalent in Today's Dollars (Inflation-Adjusted) |
|---|---|---|---|
| Ford Mustang | 1972 | $2,510 | $17,636 |
| Ford Mustang | Today | $28,865 - $57,665 | N/A |
Note: Current prices for a new Ford Mustang typically range from about $28,865 to $57,665, depending on the specific model, trim level, and added features.
This notable difference highlights how the cost of automobiles, along with many other consumer goods, has escalated due to inflation over the past half-century. What was once a more accessible purchase for many has evolved into a substantial financial commitment, even for base models.
Understanding these historical prices offers valuable insights into economic shifts and the evolving value of currency. For more information on how prices have changed over time, you can explore historical cost comparisons.
