Russia's auto industry continues to suffer, thanks to rapid inflation due to plunging oil prices and western sanctions.
Whether you're shopping at the grocery story or on a car lot, everything seems to be getting more expensive these days. However, when all the factors are considered, that might be more an issue of perception than of fact. The American Public Media radio show Marketplace recently tackled the question whether modern vehicles were actually more expensive once you factored in important variables like inflation and cost of ownership. The result was pretty surprising.
You've heard this point before, but despite the price of gas being at record levels, adjusted for inflation, it's still not the most expensive we've ever paid for dead-dino juice in the U.S. The Auto Prophet, one of the original auto-related bloggers that's still keepin' it real, found this informative chart (see larger version here) from InflationData.com that illustrates this fact in a straightforward way. The black line is the actual average price of gasoline in the U.S. since 1918, while the
- Volvo shoots for self-drivers by 2021
- Jeep spends $1 billion on factories
- Find Parts & Accessories for your vehicle!
- Obama rolls out new EV plan
- Infiniti dealers ranked best, Tesla worst
- Compare Volvo XC90 and Lincoln MKX