Entry-Level and Economy Models At the lower end of the price spectrum, basic economy cars from manufacturers like Chevrolet, Ford, and Plymouth were often the most accessible options. Performance packages and optional V8 engines drastically increased the cost of a vehicle.
1962 New Car Prices Models Specific Cost
Dealership markups and regional taxes also played a role, meaning the price in one state could differ significantly from another, even for the same model. Consumers had to navigate a maze of choices, from the type of upholstery and interior trim to the inclusion of power steering, air conditioning, and AM/FM radios.
While true muscle cars like the Pontiac GTO would explode onto the scene in 1964, the groundwork was being laid in '62. The price for these well-appointed family cars generally fell between $2,800 and $3,500.
1962 New Car Prices for Specific Models and Options
A luxury sedan from these brands could easily cost twice the price of a new American family car, placing them firmly in the realm of wealthy individuals and businesses. Models such as the Chevrolet Biscayne or the Ford Custom typically started in the $2,200 to $2,500 range.
More About How much was a new car in 1962
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