Thursday, January 30, 2014

Nano costs less than Ford T in Inflation Adjusted Terms

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.

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