New cars and trucks price history from 2015 through 2019

Historical Price Inflation for New cars and trucks

Prices for New Cars And Trucks, 2015-2019 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for new cars and trucks were 0.25% lower in 2019 versus 2015 (a $50.72 difference in value).

Between 2015 and 2019: New cars and trucks experienced an average inflation rate of -0.06% per year. In other words, new cars and trucks costing $20,000 in the year 2015 would cost $19,949.28 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.70% 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.

Price Inflation for New cars and trucks since 1998

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2011 (2.84%), 2010 (1.77%), and 2012 (1.64%).

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	101.747

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Buying power of $20000 since 2015

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	$19,949.28	0.37%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for new cars and trucks, 2015-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2015 * 2015 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for New cars and trucks was 102.006 in the year 2015 and 101.747 in 2019:

101.747 / 102.006 * $20,000 = $19,949.28

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2015 has the same "purchasing power" as $19,949.28 in 2019 (in the CPI category of New cars and trucks).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New cars and trucks in 1998. In addition to new cars and trucks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.