According to CPI Inflation Calculator, $24k in 1995 has the buying power of $49,129.10 today. Plug in some numbers from years when you remember cars being inexpensive, and see how much they’re equivalent to today.
That $.30 gallon of gas in 1960 is equivalent to $3.15 today.
The 1996 Geo Prism I bought for $15k (my first brand new car), doesn’t seem like such a good value anymore!
Here’s $24,000. Buy something new in 1995
This is a bad metric. Inflation calculators use a standard set of goods some, like the current housing bubble, severely ballooned and affected the index a lot vs others, and doesn’t account for income.
That was a bad value then. In 2003 I bought a brand new, totally optioned out (leather, mach 1000 subwoofers in the trunk, factory racing stripes and painted wheels 40th anniversary) V6 mustang for $15k.