TIL that when Ford released the Model T in 1908, it cost $825 (adjusted to about $28,000 in 2023). Despite the popularity (about 15 million would eventually be sold) Ford kept dropping the price over the years, and by 1925 the basic model cost $260, the equivalent of about $4,500 today.

https://en.wikipedia.org/wiki/Ford_Model_T#Price_and_production
#til #todayilearned
https://www.reddit.com/r/todayilearned/comments/1gbx89c/til_that_when_ford_released_the_model_t_in_1908/