It's tough to do a direct comparison of then to now because the overall economic picture now has some pretty extreme examples that you could pull from.
Good point, HP2. CODY made some very good comparisons as well. The picture back may have been different than it is now, kinda hard to compare but in ways similar. Wish I lived in the area where houses were that cheap. Around here now the starter single family house is around $500k.
I guess it was starting in '72 most of the performance was lost due to this and that, be it gas prices, insurance rate, corporate bean counters, I dunno. Either way, today is sort of like that in that there is a struggle for increased gas mileage, high insurance costs and just being practical.
Sure, hindsight is 20/20. Why isn't everyone getting an SRT8 Challenger? Why bother with a 6 cylinder model? Different strokes for different folks depending on their situation/needs.
Just for reference, my '72 Challenger Rallye 340 cost the original owner $3840 back in August 31, 1971.