What was the average price of a Model T Ford automobile in 1918?

Answer 1

5 to 8,000 dollars. It was basically a million dollars to the people back then. A Rolls-Royce used to cost 32,000 dollars. You would get a Honda for that money!

None of the above answer is correct. The dollar in 1918 is dificult to compare to today's dollar. It must be adjusted for inflation. A 1918 Dollar would buy way more than a 2008 dollar.

The standard 5-seat open tourer Model T of 1909 cost $850 (equivalent to $20,300 today), when competing cars often cost $2,000-$3,000 (equivalent to $48,000-$72,000 today); in 1913, the price dropped to $550 (equivalent to $12,000 today), and $440 in 1915 (equivalent to $9,300 today). Sales were 69,762 in 1911, 170,211 in 1912, 202,667 in 1913, 308,162 in 1914, and 501,462 in 1915. In 1914, an assembly line worker could buy a Model T with four months' pay. By the 1920s, the price had fallen to $300 (equivalent to $3,200 today)