<VV> RE: Was '54 Corvette, now "Value Analysis' LITTLE OR NO CORVAIR

[Bruce Schug]

On Jun 17, 2007, at 4:21 PM, Craig Nicol wrote:

>
>
> I checked the actual numbers and it appears that my original statement 
> ('54
> Corvette is more affordable than the '07 Corvette) is true but not by 
> a wide
> margin.
>
> According to US Census data, the 1954 median family income was $4167 
> (vs a
> Corvette price of roughly $3500), so about 9 months of income buys the 
> car.
> The '05 median family income (latest available data) was $56k, roughly 
> the
> same as the '05 Corvette price (12 months income buys the car).
>

Since when did an '05 Corvette cost $56K??? A ZO6 or a regular Corvette?

BTW, $3,500 1954 dollars was equal to $25,479.62 in 2006. 
(http://www.westegg.com/inflation/).

Bruce


Bruce W. Schug
President, CORSA South Carolina
Greenville, SC
bwschug at charter.net

CORSA member since 1980

'67 Monza. "67AC140"