• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, April 10, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home Finance

The cost of buying a car across the decades

by Sam Allcock
29/11/2016

 

Whether we’re proud petrolheads who love our cars or just need a reliable motor to get from A to B, vehicles are an important purchase – with more than 31 million sold every year in the UK.

But how much does the average car cost? A series of data cards looking at the economy across the last five decades shows that the price is closely linked to the size of our pay packets.

In 1975, when the Ford Cortina was the most popular model on the market, people paid £1,840 for a car. The average salary at that time was £1,809.

By 1985, when tastes had moved on to the Ford Escort, people earned £6,997 and had to pay £6,340 for a car.

Ten years later, the Ford Escort was still top of the tree, yet pay packets had grown a little quicker than car prices. The average salary in 1995 was £13,302, while the average car was £11,400.

That trend continued into 2005 – although by then the Ford Focus reigned supreme. Employees earned £20,215, while the price of the typical car was more than £6,000 cheaper.

By the time 2015 came around – with the Ford Fiesta now top dog – the average car price reached £21,164 and the average salary was £25,608.

RelatedPosts

Copy trading

Key to success in Bitcoins

BTC Approaching $1 Trillion Market Cap – Market Analysts Bullish

What will occur if the Bitcoin price collapses?

Load More

It seems destined that salaries and car prices will be very closely linked, with manufacturers having to bear in mind the spending power of shoppers who need the help of a personal loan to take a new car off the forecourt.

This will be something to watch when it comes to self-driving cars, which will need to become ‘affordable’ before they can become a mainstream proposition. Ford, top of the charts in all of the decades listed above, reckons that will take until 2025.

milk

nhs

salary

beer

houses

 

 

 

Tags: finance
Previous Post

What happens when you take on an IVA?

Next Post

Can Essential Oils Help You Save Money?

Related Posts

Copy trading
Finance

Copy trading

09/04/2021
Bitcoin: High risk at what reward?
Finance

Key to success in Bitcoins

09/04/2021
Learn To Trade The Forex Market Safely With Guerrilla Trading And Achieve Life-Changing Results
Finance

BTC Approaching $1 Trillion Market Cap – Market Analysts Bullish

09/04/2021
Next Post
Can Essential Oils Help You Save Money?

Can Essential Oils Help You Save Money?

Commercial Cleaners For Your Business – An Investment Not A Luxury

Commercial Cleaners For Your Business - An Investment Not A Luxury

Don’t Let Debt Get You Down: How To Overcome A Bleak Financial Future

Don't Let Debt Get You Down: How To Overcome A Bleak Financial Future

Latest News

WHY IS MARC RANDAZZA STILL AN ATTORNEY - DISBAR ATTORNEY RANDAZZA

WHY STATE BAR OF NEVADA ALLOWS CORRUPT MARC RANDAZZA TO PRACTICE LAW?

10/04/2021
Things Cryptopunks Nfts And The Mona Lisa Have In Common

Things Cryptopunks Nfts And The Mona Lisa Have In Common

10/04/2021
Exodus Allows You To Acquire Your Shares From Your Own Bitcoin Wallet

Exodus Allows You To Acquire Your Shares From Your Own Bitcoin Wallet

10/04/2021
Copy trading

Copy trading

09/04/2021
Trading on the China A50

Money Back Review – Get Your Money Back From Investment and Trading Scams

09/04/2021
Bitcoin: High risk at what reward?

Key to success in Bitcoins

09/04/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.