>Except, with advances in computational design and engineering, manufacturing automation, and moving to plastic for the body I would expect a reduction in price, in real terms.
Except with all the safety equipment, crumple zones, airbags, sensors, etc. I would expect an increase in price.
And this back-and-forth here is why the folks at the BLS have a hard job. Both options— a car in 1990 is a car in 2025 and real value/utility is unchanged and price should be compared 1-1 ignores that cars are actually better now. But at the same time you literally can't buy a new car at 1990's quality so the additional value/utility might not actually be wanted by some and so this in effect makes real price go up.