AnswersDriveThe Model-T (the first cheap car) cost $850 in 1908. When you adjust for inflation, that is about $22000 now. However, it must be added that the cost of that dwindled to $260 by 1920 (about $3500 now)[2].
Accordingly, how much did a car cost in 1925?
Assembly-line production allowed the price of the touring car version to be lowered from $850 in 1908 to less than $300 in 1925. At such prices the Model T at times comprised as much as 40 percent of all cars sold in the United States.
Subsequently, question is, how much did a car cost in 1900?
In 1900 a car, then hand-made, cost over $1,000. Henry Ford's original Model-T, introduced in 1908, cost $850, but by 1924 only $265: he was using an assembly line, and, in virtuous circle, was also selling far more cars. Over the century, the real price of a car fell by 50%.
How much is a Model T worth today?
In 1908 the Model T cost $850, or around $21,340 in today's dollars when adjusted for inflation. In 1916, the prices had dropped to only $360 for the most basic Model T, or around $7,020 in today's dollars. In 2012, the least expensive new car is $10,990.
What was the average hourly wage in 1900?
The average American worker earned approximately $12.98 per week for 59 hours of work in 1900—$674.96 a year.