According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 24.22% lower in 2004 versus 2017.
Between 2004 and 2017: Car parts experienced an average inflation rate of 2.16% per year. In other words, car parts costing $500 in the year 2004 would cost $659.82 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.01% during this same period, car parts inflation was similar.
In the year 2004: Pricing changed by 0.80%, below the average yearly change for car parts during the 2004-2017 time period. Compared to overall inflation for all items in 2004 (2.61%), 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: