Car costs at 40-year low
The last time it was so cheap for Australians to buy a car you had to hand over your cash for a Ford Falcon XB.
It was 1975 and the six-cylinder XB cost $3236, or the equivalent of 24.2 weeks of the average wage.
Forty years later, it will now cost you 24.2 weeks of the average wage to buy the latest four-litre Ford Falcon automatic sedan.
CommSec, which tracks car affordability, said the real cost of cars was continuing to fall.
Falling prices and higher wages since 2010 meant it took eight weeks less to buy a reasonable-quality car.
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