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Have cars actually gotten more expensive over time?

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1970s Pontiac Dealership adIt's a common complaint we hear from shoppers: new cars have gotten too expensive. The math, at least on the surface, seems to agree with this statement. The average transaction price of a new car rose to over $34,000 last year, compared to about $28,800 10 years ago and under $20,000 a decade earlier. A buck today goes about as far as $1.15 did a...

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