[Bluewater2015]

Hmm. I still see plenty of two-decade-old Toyota Camrys and Corollas on the road. Dodge Intrepids, not so much; not even 11½-year-old ones.

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Factoring in inflation, cars cost twice as much as they did during the 1960s, but the last far longer than twice as long. And they’re much safer. Far more cars on the road than in late 1960s, yet fewer fatalities. Back in the old days, cars had a notable tendency to suffer fatal body rot, something you don’t see so much now. And after 100,000 miles, they were largely worn out. Only reason I’m not driving my 10 year old camry now is because I passed it on to my daughter who got an out of state DOD job and needed good wheels.

[oh8eleven]

Factoring in inflation, cars cost twice as much as they did during the 1960s
Average new car price in 1964 was $3,500. Average new car price in 2014 was $32,000. Even with inflation, that's a hell of a lot more than twice.
Back in the day, you paid your loan off in 3 years. Today, 5, 6 and even ten year loans are the norm.