<VV> Corvette Arises (No Corvair)

[Frank DuVal]

Well, as I always say, statistics lie better than a rug...

If $3253 in 1954 dollars is the same as $25,147 in todays dollars, then 
applying same ratios for major purchases:

1. I want to buy a house around here for $50,000.  Average house is now 
around $275,000.

2. I want to buy a new Corvette for $25,147. Base MSRP is $45k, up to $75k.

3. I want to buy a typical full sized new Chevy for $15,000. Here is the 
closest, MSRP of Impala is $22k to $28k.

You will be hard pressed to do any of those things. So much for your 
inflation calculator having any real meaning. You must have read my 
favorite book, "How To Lie With Statistics"!

So, it still took about an average person's (back then think "family 
income") anual salary to buy a Vette. For most of us, that is a LOT of 
money!

Frank DuVal

J R Read_HML wrote:

> OK, a couple of people pointed out that you can't delete the PG in 
> '54.  So what is $3,253 in today's money?  According to the inflation 
> calculator I found
>
> http://data.bls.gov/cgi-bin/cpicalc.pl
>
> that translates to $25,147 in today's economy.  Not a small amount, 
> but still quite doable (if you are a bit eccentric) and probably less 
> than half the price of a modern Vette.
>
> Later, JR
>
> ----- Original Message ----- From: "Frank DuVal" <corvairduval at cox.net>
> To: "J R Read_HML" <hmlinc at sbcglobal.net>
> Cc: "Smitty Smith" <vairologist at verizon.net>; <virtualvairs at corvair.org>
> Sent: Saturday, June 16, 2007 9:57 AM
> Subject: Re: <VV> Corvette Arises (No Corvair)
>
>
>> No?
>>
>> Just more than the average person's anual salary!
>>
>> And just half the price of a typical new house here at the time.
>>
>> Frank DuVal
>>
>> J R Read_HML wrote:
>>
>>> According to this, a 54 Vette "loaded" was $3253.  Take out the PG 
>>> (in '54 I think most would have) and it was a mere $3,075.  Didn't 
>>> take ALL that much money to do.
>>>
>>> http://www.idavette.net/facts/54.htm
>>>
>>> Later, JR
>>>
>