According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 26.93% lower in 2001 versus 2017.
Between 2001 and 2017: Car parts experienced an average inflation rate of 1.98% per year. In other words, car parts costing $500 in the year 2001 would cost $684.28 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.04% during this same period, car parts inflation was lower.
In the year 2001: Pricing changed by 3.12%, above the average yearly change for car parts during the 2001-2017 time period. Compared to overall inflation for all items in 2001 (2.75%), price inflation for car parts was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: