The list price of a new Ford Model T in 1940 was approximately $395. This price is equivalent to about $7,500 in 2023 when adjusted for inflation.
For comparison, the average annual salary in the United States in 1940 was approximately $1,350. This means that the cost of a new Ford Model T was equivalent to about three months' salary for the average American worker.
The Ford Model T was a very popular car in its time and was known for its affordability and reliability. In fact, the Model T is often credited with helping to revolutionize transportation in the United States and around the world.
