The problem is that, adjusting for inflation, it should be dramatically less. That's the trend. The major outlier is for raw materials which are more costly to extract and process for use.
In the 1950's a decent Westinghouse consolve TV cost about $1000. Inflation adjusted to today, that's about $9000.
According to people who know about these things, in 1950, tv penetration was 9% of American households. By 1955 it was 64.5%.
You can't compare an immature technology (1950 tv) with a mature one (1950 automobile).
To make a similar and honest comparison with automobiles, you'd have to rewind the clock back to before the Ford Model-T debuted in 1908.
There is a large untapped market for a car marker who builds the same model of car, with no changes other than manufacturing refinements, for 7-15 years, direct to consumers.
VW is notorious for selling its old models in foreign countries.
The original VW Beetle was manufactured in Mexico until 2003.
The VW Bus is finally getting canceled in Brazil (and that's being fought).
The 2nd gen VW Passat was sold in China for almost 30 years until it was updated.
a. cheap credit money which makes it cheaper to buy a new car than to maintain and run older cars,
b. regulatory creep which increases requirements continually and
a. it's never cheaper to buy a new car.
b. One of those regulatory agencies crash tested a 1959 Chevy Bel Air with a 2009 Malibu
This video speaks for itself.
c. consumers willing to spend a large slice of their income on flashy cars and status symbols.
Now you're just arguing with a straw man.
We're talking about the cheapest car of 1970 and the two cheapest cars of 2014.