According to the U.S. Bureau of Labor Statistics, prices for new cars were 24.40% higher in 2019 versus 1987 (a $3,660.60 difference in value).
Between 1987 and 2019: Cars experienced an average inflation rate of 0.68% per year. In other words, cars costing $15,000 in the year 1987 would cost $18,660.60 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for cars was lower.
In the year 1987: Pricing changed by 3.60%, which is above the average yearly change for cars during the 1987-2019 time period. Compared to inflation for all items in 1987 (3.66%), inflation for cars was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New cars:
Year | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
CPI | 47.242 | 46.442 | 44.833 | 46.042 | 48.475 | 50.017 | 52.175 | 51.500 | 51.517 | 51.317 | 51.000 | 50.858 | 49.717 | 48.817 | 49.275 | 50.650 | 51.458 | 53.058 | 55.208 | 54.742 | 54.758 | 57.933 | 62.908 | 66.892 | 70.442 | 75.800 | 81.817 | 88.358 | 93.750 | 97.367 | 99.867 | 102.758 | 106.042 | 110.617 | 114.600 | 116.867 | 119.242 | 120.975 | 125.325 | 128.367 | 131.492 | 135.983 | 139.017 | 141.417 | 141.675 | 140.700 | 139.550 | 139.550 | 138.925 | 137.292 | 134.692 | 133.933 | 135.233 | 136.408 | 135.860 | 135.394 | 136.686 | 138.097 | 142.230 | 144.181 | 144.926 | 144.470 | 144.394 | 143.688 | 142.652 | 141.969 | 142.567 |
Below are calculations of equivalent buying power for Cars, over time, for $15000 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1987 | $15,000.00 | 3.60% |
1988 | $15,296.68 | 1.98% |
1989 | $15,607.55 | 2.03% |
1990 | $15,834.42 | 1.45% |
1991 | $16,403.80 | 3.60% |
1992 | $16,801.92 | 2.43% |
1993 | $17,210.95 | 2.43% |
1994 | $17,798.87 | 3.42% |
1995 | $18,195.90 | 2.23% |
1996 | $18,510.03 | 1.73% |
1997 | $18,543.85 | 0.18% |
1998 | $18,416.23 | -0.69% |
1999 | $18,265.71 | -0.82% |
2000 | $18,265.71 | 0.00% |
2001 | $18,183.90 | -0.45% |
2002 | $17,970.11 | -1.18% |
2003 | $17,629.80 | -1.89% |
2004 | $17,530.54 | -0.56% |
2005 | $17,700.70 | 0.97% |
2006 | $17,854.49 | 0.87% |
2007 | $17,782.69 | -0.40% |
2008 | $17,721.75 | -0.34% |
2009 | $17,890.85 | 0.95% |
2010 | $18,075.47 | 1.03% |
2011 | $18,616.51 | 2.99% |
2012 | $18,871.84 | 1.37% |
2013 | $18,969.36 | 0.52% |
2014 | $18,909.69 | -0.31% |
2015 | $18,899.75 | -0.05% |
2016 | $18,807.36 | -0.49% |
2017 | $18,671.77 | -0.72% |
2018 | $18,582.34 | -0.48% |
2019 | $18,660.60 | 0.42%* |