According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 15.23% lower in 2007 versus 2017.
Between 2007 and 2017: Car parts experienced an average inflation rate of 1.67% per year. In other words, car parts costing $500 in the year 2007 would cost $589.82 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 1.67% during this same period, car parts inflation was lower.
In the year 2007: Pricing changed by 3.55%, above the average yearly change for car parts during the 2007-2017 time period. Compared to overall inflation for all items in 2007 (2.77%), 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: