According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 0.61% lower in 2018 versus 2016.
Between 2016 and 2018: Car parts experienced an average inflation rate of -0.30% per year. In other words, car parts costing $500 in the year 2016 would cost $496.97 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.74% during this same period, inflation for car parts was lower.
In the year 2016: Pricing changed by -0.47%, below the average yearly change for car parts during the 2016-2018 time period. Compared to inflation for all items in 2016 (1.26%), 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: