Keep in mind that:
* $500 was on the lower end, representing a very basic, smaller car.
* $1,500 was on the higher end, representing larger, more luxurious models.
The average price likely fell somewhere in the middle of that range, but precise data is difficult to find and aggregate accurately for that year. The Great Depression significantly impacted car sales and prices, leading to a wider range and lower average cost than in previous years.