The Model-T (the first cheap car) was sold at $850 in 1908. When you adjust for inflation, that is about $22000 now.
However, the price of that got reduced to $260 by 1920 (about $3500 now).
Tata Nano can be termed as a car similar to Ford T and it costs $2000.
http://www.forbes.com/sites/quora/2013/05/07/why-are-cars-not-getting-cheap-even-with-better-economies-of-scale/
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