According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 42.38% higher in 2018 versus 1989.
Between 1989 and 2018: Car parts experienced an average inflation rate of 1.23% per year. In other words, car parts costing $500 in the year 1989 would cost $711.89 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.43% during this same period, inflation for car parts was lower.
In the year 1989: Pricing changed by 2.40%, above the average yearly change for car parts during the 1989-2018 time period. Compared to inflation for all items in 1989 (4.83%), 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: