by Leo_Ames
Used MP15's frequently go for 250k at auction, brand new AC motored GE's and EMD's for freight service start at about 2 million a pop, new environmentally friendly switchers go from anything just below a million dollars to $1.5 million or more, etc. $175,000 hasn't bought new passenger power since the 1930's.
Already by the end of WWII, a new 4-8-4 was more like $250k a piece thanks to inflation (NYC paid $240k each for their 25 S-1b Niagara's in late 1945 for an example), and it has only continued to grow. EMD E units went from around $185k when the E6 was new to nearly $300k by the early 1950's with the E8. And by the F40PH era, Amtrak in 1976 started out paying $544k a piece (Without a trade-in), was paying $950k by 1980, and finally was spending $1.6 million each by the end of that decade when they bought their last.
I'm sure they'd love it if a new diesel electric passenger locomotive was only $175,000 each though.
Already by the end of WWII, a new 4-8-4 was more like $250k a piece thanks to inflation (NYC paid $240k each for their 25 S-1b Niagara's in late 1945 for an example), and it has only continued to grow. EMD E units went from around $185k when the E6 was new to nearly $300k by the early 1950's with the E8. And by the F40PH era, Amtrak in 1976 started out paying $544k a piece (Without a trade-in), was paying $950k by 1980, and finally was spending $1.6 million each by the end of that decade when they bought their last.
I'm sure they'd love it if a new diesel electric passenger locomotive was only $175,000 each though.
