According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 49.76% higher in 2018 versus 1980.
Between 1980 and 2018: Car parts experienced an average inflation rate of 1.07% per year. In other words, car parts costing $500 in the year 1980 would cost $748.79 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.95% during this same period, inflation for car parts was lower.
In the year 1980: Pricing changed by 12%, significantly above the average yearly change for car parts during the 1980-2018 time period. Compared to inflation for all items in 1980 (13.55%), price inflation for car parts was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: