For comparison; my first pick up truck was a bare-bones 1971 Chevy C10. Straight six, three-on-the-tree, rubber floor mat, bench seat. 2WD. The window sticker price was $2,400.
My next truck was 7,900. Third one, loaded with all the options, was 24,700. My last truck was 28K (K2500HD 7.4L 4WD but again, rubber floor mat and bench seat).
That 1971 at 2,400, in today’s dollars it would be 18,178. But a comparable truck today would be 36,800. Now, I don’t know what the proper anylisis of that would be to my calculation, after the inflation factor is accounted for that’s just about a 100% price increase. More than double the price (4,895 in 1971 in today's dollars is 36,802).
In 1971 as a (very!) young man, I was earning about 12,000 a year. In today’s dollars that’s 90,888. I can tell you, people doing that kind of job today are not anywhere near that. If they are making half of that, they’re at the top of the pay scale. So, the cost of that truck, after accounting for inflation, has doubled while the real income (before tax etc.) has reduced by half.
I think this is representative of a lot of things in our economy today. Reloading components MAY have had a lesser “real” price increase over time it would seem to me. I didn’t start reloading until the late ‘90s, someone else may comment on this.
To top it off, that ‘71 6 cyl. 3 sp. ½ ton truck would pull a gravity wagon full of corn out of the field and down the road to the elevator or be over-stacked with hay bales, not over taxing drive train, suspension or brakes. My father-in-law had a similar F150 and so did the farm where I worked part-time. They were all up to the task. Do that with one of the cheap pick-ups you can buy today and see how it works out! Double the (pre-inflation) price, half the capability?
I think reloading costs are the least of our worries although when you see increases of this scale in a short period of time, it IS hard to swallow.
In them good old days my 72 Chevy CS/T 350 Ci. 350 hydramatic, standard 1/2 ton, lucky to see 10 mpg and never seen 100,000 mile without repairs, let alone see 150,000, by then they were burning oil, had the 3rd or 4th exhast replaced, tranny and motors were shot. Then figure regular maintenance intervals every 3000 mi. Tune ups 24,000 mile, figure the cost,
My last suburban a GMC SLT 1999, 350 CI, 4L60E tranny, 14mpg, and it had more power, loaded with every option, tow payload, heated everything, and 5000 mile maintenence schedule, tuneups were like 60,000 mi. At 220,000 still had the same exhaust never been inside the engine, and after I sold it 2 years ago, it's still being used as a daily driver.
My 2007 Heavy half with heavy tow package, heavy payload package, Z71 off road package, ext cab, 327 cu in with more power and torque available than either of those 350's, over 18 mpg av. Loaded silverado package, 12000 mile maintenance schedule, mine is over 15000 with top end Amzoil synthetic products once a year regaurdless of miles. A set of plugs at 100,000 miles is it's only tuneup with replacement plug wires. Over 160,000 miles and never touched anything but belts, runs as new, maybe a little better milage than new, never add a quart of oil between oil changes.
Figure the cost to run it today at the price of gas and all maintenance items today. Still cheaper, To me a better buy than that standard 1/2 ton with the fancy interior that was available back then.
Now figure that total cost for just the first 100,000 miles, since that's all that 72 was able to run in its like new condition, if you don't consider the body that was rusting away in 7 to 10 years. My 07 is all but the rear bumper rust free.
Now look at the 2024 trucks, and trust me over 20 mpg with more power, even a base model has more features than what that 72 called options was available with, no tune ups, engine and tranny capable of at least 300,000 and still run like new, on annual services. If like my 07 has proven, and I don't know if they will rust, but my guess would be again, over three times longer than it took the 1972's to rust. Probably on the same stainless exhaust system today as well.
It's just to complicated to make an apples to apples comparison in value or total cost to own a vehicle for 200,000 or 300,000 miles but in my opinion, my dollar is better spent buying today's vehicles, and having all the conveniences. My 1972 Chevy, as loaded as it was the the last 2 had more standard features than the 72 had available as options I sure wouldn't call the 72 cheaper when I factor in cost to keep it on the road, running as good as my 07 does at 170,000, for that mater what would you have in it to run like new as my 99 Suburban for 220,000 mi????
Again just guessing the numbers would show the same for the 2024's, even better life, and chit that 07 never thought of having
One last thing, that 72 Chevy, never drove, rode, handled, or went anywhere as good as that 07, or that 1999 Suburban, even in 2wd! But those Suburbans have always been in a league of there own when ride comfort handling and going anywhere is concerned when you compare them to a pick up! Fact! Not sure on these new ones, but the ridiculous crap on new vehicles ain't what old farts want anyways, but my grandkids can't live without em.