Today a vehicle that cost $25,000 new and is 10 years old with 180K miles sells for maybe $5000. So 1/5 of new cost. My 1956 Ford cost $50 when it was 8 years old. 1/44 of the new price. Something has certainly changed with the disparity between new and used besides 25 cents per gallon gasoline (cheapest I ever saw it where I grew up).
Looking at it another way. Late 60s there were plenty of good running cars around for $50. What is bottom dollar today for used car that does not need lots of work? Likely $1000 if lucky and usually higher? That is well over 100,000 miles on it. So maybe 20 times higher? Back to the price-of-gas analogy, that would make regular gas today priced at $5 a gallon, and a cheap new car priced at $44,000.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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