In 1965 you could buy a decent, basic car for $3500.
A decent, basic car today goes for $18000 not $35000.
Get serious.
And furthermore, today's "decent, basic car" is a much better car than the 1965 equivalent. Look at a 1965 Ford Falcon vs. a 2005 Ford Taurus...there's just no comparison.
The Taurus is more reliable, gets better fuel economy, handles better, is safer, has more features, and will go more miles than the Falcon ever could.