According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 29.74% lower in 1983 versus 2017.
Between 1983 and 2017: Car parts experienced an average inflation rate of 1.04% per year. In other words, car parts costing $500 in the year 1983 would cost $711.59 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.68% during this same period, car parts inflation was lower.
In the year 1983: Pricing changed by -2.82%, significantly below the average yearly change for car parts during the 1983-2017 time period. Compared to overall inflation for all items in 1983 (3.11%), price inflation for car parts was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: