According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 21.97% lower in 2005 versus 2017.
Between 2005 and 2017: Car parts experienced an average inflation rate of 2.09% per year. In other words, car parts costing $500 in the year 2005 would cost $640.77 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 1.89% during this same period, car parts inflation was similar.
In the year 2005: Pricing changed by 2.89%, above the average yearly change for car parts during the 2005-2017 time period. Compared to overall inflation for all items in 2005 (3.28%), 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: