Those were the days.....

Discussion in 'Other Automotive Tech & Talk' started by Bum's_Steer, Dec 4, 2011.

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  1. Bum's_Steer

    Bum's_Steer Member

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    Saw this original dealer invoice posted in an ad for a 1970 Mach-1 Mustang project car.....

    Two points of interest and nostalgia....

    The nearly inconceivable price of a brand new fully loaded Mach-1 Mustang back in 1970 ($3,626!!)

    and the total cost of 4 gallons of gas


    [​IMG]​

    That comes out to about .33 cents a gallon!!​

    Those were indeed, the good ol' days


    .​
     
    Last edited: Dec 4, 2011
    Bum's_Steer, Dec 4, 2011
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  2. darren

    darren Member

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    Thats cool. Average income was around 9000 according to the web.
     
    darren, Dec 4, 2011
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  3. Craig Selvey

    Craig Selvey Indiana State Rep - MCCI

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    FDAF = Ford Dealer Advertising Fund

    Only $13!!

    Yep...that is right....every car purchased contributed to paying for newspaper, radio, and tv ads.
     
    Craig Selvey, Dec 4, 2011
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  4. strokermaverick

    strokermaverick Member

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    So, a man with average income, could go out and purchase a brand new Mach1 on approximately 40% of his annual income.

    I think todays average income is about $30,000. So, that means to go out and purchase an equivalent vehicle, say a 5.0. The man with average income would have to spend approximately 140% of his annual income.

    That really puts the rate of inflation into perspective, huh?
     
    strokermaverick, Dec 4, 2011
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  5. ford84stepside

    ford84stepside Lone Wolf

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    Now you know why I only buy used cars anymore!:cry:
     
    ford84stepside, Dec 4, 2011
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  6. simple man

    simple man Member

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    Just goes to show how old I am! Back in the " medieval days " gas was 25¢ a gallon for regular and 29¢ for " ethyl " ! :thumbs2:
    God, I miss those days!!! :(
     
    simple man, Dec 4, 2011
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  7. Bum's_Steer

    Bum's_Steer Member

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    Yeah, whenever you bring something like this up, people invariably say "Well, people didn't make as much back then, so it all comes out about the same as today"

    Not quite.

    I about dropped a brick when my Mom told me what she paid for her Maverick new in 1970 (which eventually became my first car)

    $2,400

    My brother said he priced a new 70 Boss 302 back before he started college.....$3,800. He passed because he needed his savings for college expenses.

    I priced a new Boss 302....$44,575 I'll pass because I don't want to take away my kids college educations and have to take out a 2nd mortgage on my house to buy a car
     
    Last edited: Dec 4, 2011
    Bum's_Steer, Dec 4, 2011
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  8. rthomas771

    rthomas771 Member

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    My Flcon cost $67.36 a month for 36 months. Only option was a $67.80 heater. If you wanted the dome light to come on when you opened the door it would cost extra.

    [​IMG]
     
    rthomas771, Dec 4, 2011
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  9. CaptainComet

    CaptainComet Large Member

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    My uncle custom-ordeded a 1971 Mach 1 ... dark green, silver stripes, AM/FM/8 track (ooooh, yeah ...) PS,PB,Air, 351C, C4, 15 inch Magnum wheels .... power windows and door locks .... it took 4 months for that car to appear .... and we all told him he was crazy for spending $4200 for a car.

    You could buy a new Vette for $7000.

    About 6 years later, while working my first job ($3.40/hour and about $3/hour commission ... I was SET UP and doin' well for being a senior in HS, don'tcha know ... livin' the good life ... )... I used to just about cry, because it used to cost $12 to fill up my 1965 Mustang....

    I guess it it is all relative to the times you live in ...
     
    CaptainComet, Dec 5, 2011
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  10. darren

    darren Member

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    This is interesting.

    http://mercyman53.wordpress.com/2008/01/11/the-cost-of-housing-1050-higher-than-1970-and-climbing/
     
    darren, Dec 5, 2011
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  11. sportyfamilycar

    sportyfamilycar ElMaverick

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    very interesting information
     
    sportyfamilycar, Dec 5, 2011
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  12. darren

    darren Member

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    Looks like you bought an AUTOBOT looking at that logo.:)


    [​IMG]
     
    Last edited: Dec 5, 2011
    darren, Dec 5, 2011
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  13. rthomas771

    rthomas771 Member

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    rthomas771, Dec 5, 2011
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  14. chevyandford71

    chevyandford71 Member

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    Thats amazing. i know im (quite) young given the average age of the users on this forum but i can remember when we all freaked about gas going up to a whopping $2.00 a gallon.
     
    chevyandford71, Dec 8, 2011
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  15. Bum's_Steer

    Bum's_Steer Member

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    When I got my license in '77, gas was around 55 cents-a-gallon

    We had several "gas shortages" in the next few years. I remember "odd/even" rationing in California, and having to ditch school to wait for hours in block-long lines for gas, which shot up to a shocking 75-80 cents a-gallon, and consumers thought they were getting totally ripped off having to pay "near a dollar a-gallon" for gas

    LMAO!! If we only knew!

    Basically, it's gone up a dollar-a-gallon every decade since
     
    Bum's_Steer, Dec 9, 2011
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