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 - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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