According to the U.S. Bureau of Labor Statistics, prices for new cars and trucks were 0.31% lower in 2019 versus 2015 (a $61.94 difference in value).
Between 2015 and 2019: New cars and trucks experienced an average inflation rate of -0.08% per year. In other words, new cars and trucks costing $20,000 in the year 2015 would cost $19,938.06 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.52% during this same period, inflation for new cars and trucks was lower.
In the year 2015: Pricing changed by 0.61%, which is above the average yearly change for new cars and trucks during the 2015-2019 time period. Compared to inflation for all items in 2015 (0.12%), inflation for new cars and trucks was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New cars and trucks:
Year | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
CPI | 99.558 | 99.117 | 99.025 | 98.617 | 97.133 | 95.642 | 95.050 | 95.567 | 95.358 | 94.424 | 93.008 | 93.985 | 95.645 | 98.360 | 99.971 | 101.053 | 101.385 | 102.006 | 102.127 | 101.857 | 101.373 | 101.690 |
Below are calculations of equivalent buying power for New cars and trucks, over time, for $20000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2015 | $20,000.00 | 0.61% |
2016 | $20,023.69 | 0.12% |
2017 | $19,970.80 | -0.26% |
2018 | $19,875.99 | -0.47% |
2019 | $19,938.06 | 0.31%* |