According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 24.83% lower in 2003 versus 2017.
Between 2003 and 2017: Car parts experienced an average inflation rate of 2.06% per year. In other words, car parts costing $500 in the year 2003 would cost $665.14 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, car parts inflation was similar.
In the year 2003: Pricing changed by 0.86%, below the average yearly change for car parts during the 2003-2017 time period. Compared to overall inflation for all items in 2003 (2.22%), 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: