According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 0.85% lower in 2018 versus 2011.
Between 2011 and 2018: Car parts experienced an average inflation rate of -0.12% per year. In other words, car parts costing $500 in the year 2011 would cost $495.75 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.43% during this same period, inflation for car parts was lower.
In the year 2011: Pricing changed by 5.05%, significantly above the average yearly change for car parts during the 2011-2018 time period. Compared to inflation for all items in 2011 (3.16%), 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: