april 1978 car prices

[geoffarcher5]

some of my lads did a house clearance today and been chucked out were some old papers, so heres some prices:
new cavalier couple gls in white with red velour trim £3999
new chevette e 2dr saloon fitted radials£2404
1978 granada 2.8s oyster gold 2500 miles only £6050
1973 cortina 2000L sunset red £1195
1973 hunter super £1095
1977 datsun 140j £2150

loads of cars

oh not forgetting citroen
new 2cv £1648
new dyane £1800
1974 ami £895
new cx safari from £5575
new gs saloons from£2579

[JohnnySomersett]

Thats pretty interesting. Id love to know what my car cost back in '78

[geoffarcher5]

theres a 76p datsun 100a in silver and a radio £1595
1977 200L laurel 8000 mile, white tan vinyl roof, stereo £2945
1976 cherry metallic green 14000 miles £1595

[briandamaged]

The late 70's were heady times, not dissimilar to today.

The economy was in a right state, inflation had peaked at a whopping 24% (yes really....that's not a typo) in 1975 and by '78 had fallen back to almost 9% (we've got all this to come by the way, just so's you're prepared...).

The upshot of this was that used car prices had skyrocketed. As an example, take a look at this pic:

Good looking little bastard, wasn't I? When that Cortina left the showroom in early '73 it had cost its first owner £1200. By the time Dad bought it in 1977 it cost him over £1400.

Weird times. We thought they'd never come back. How very very wrong.

[JohnnySomersett]

found out my Cedric cost just over £7500 new!!!!! Thats about half the price of an average house that year!

No wonder they never sold many