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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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