According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 328.37% higher in 2018 versus 1947 (a $25,202,674.79 difference in value).
Between 1947 and 2018:Vehicles experienced an average inflation rate of 2.07% per year. This rate of change indicates significant inflation. In other words, vehicles costing $7,675,200 in the year 1947 would cost $32,877,874.79 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for vehicles was lower.
Below are calculations of equivalent buying power for Vehicles, over time, for $7,675,200 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1947 | $7,675,200.00 | - |
| 1948 | $8,308,244.80 | 8.25% |
| 1949 | $9,160,420.50 | 10.26% |
| 1950 | $9,261,557.83 | 1.10% |
| 1951 | $9,609,919.77 | 3.76% |
| 1952 | $10,482,697.51 | 9.08% |
| 1953 | $10,619,420.20 | 1.30% |
| 1954 | $10,452,730.89 | -1.57% |
| 1955 | $10,085,639.82 | -3.51% |
| 1956 | $10,370,322.69 | 2.82% |
| 1957 | $10,909,721.82 | 5.20% |
| 1958 | $11,261,829.58 | 3.23% |
| 1959 | $11,741,295.46 | 4.26% |
| 1960 | $11,589,589.46 | -1.29% |
| 1961 | $11,587,716.54 | -0.02% |
| 1962 | $11,542,766.62 | -0.39% |
| 1963 | $11,473,468.81 | -0.60% |
| 1964 | $11,441,629.28 | -0.28% |
| 1965 | $11,190,658.86 | -2.19% |
| 1966 | $10,988,384.19 | -1.81% |
| 1967 | $11,091,394.44 | 0.94% |
| 1968 | $11,392,933.53 | 2.72% |
| 1969 | $11,578,351.98 | 1.63% |
| 1970 | $11,941,697.22 | 3.14% |
| 1971 | $12,423,036.02 | 4.03% |
| 1972 | $12,314,407.03 | -0.87% |
| 1973 | $12,318,152.86 | 0.03% |
| 1974 | $13,031,732.94 | 5.79% |
| 1975 | $14,155,481.11 | 8.62% |
| 1976 | $15,050,733.82 | 6.32% |
| 1977 | $15,850,467.94 | 5.31% |
| 1978 | $17,058,497.22 | 7.62% |
| 1979 | $18,412,613.76 | 7.94% |
| 1980 | $19,882,850.95 | 7.98% |
| 1981 | $21,096,498.98 | 6.10% |
| 1982 | $21,907,470.57 | 3.84% |
| 1983 | $22,446,869.69 | 2.46% |
| 1984 | $23,066,804.10 | 2.76% |
| 1985 | $23,834,698.68 | 3.33% |
| 1986 | $24,857,309.52 | 4.29% |
| 1987 | $25,707,612.30 | 3.42% |
| 1988 | $26,187,078.18 | 1.87% |
| 1989 | $26,780,791.80 | 2.27% |
| 1990 | $27,284,605.56 | 1.88% |
| 1991 | $28,314,708.05 | 3.78% |
| 1992 | $29,039,525.62 | 2.56% |
| 1993 | $29,833,641.00 | 2.73% |
| 1994 | $30,921,803.81 | 3.65% |
| 1995 | $31,678,460.91 | 2.45% |
| 1996 | $32,289,030.75 | 1.93% |
| 1997 | $32,420,134.70 | 0.41% |
| 1998 | $32,238,462.08 | -0.56% |
| 1999 | $32,107,358.13 | -0.41% |
| 2000 | $32,083,010.25 | -0.08% |
| 2001 | $31,938,795.90 | -0.45% |
| 2002 | $31,464,948.76 | -1.48% |
| 2003 | $30,981,737.04 | -1.54% |
| 2004 | $30,803,810.25 | -0.57% |
| 2005 | $30,994,847.44 | 0.62% |
| 2006 | $30,921,803.81 | -0.24% |
| 2007 | $30,623,130.27 | -0.97% |
| 2008 | $30,159,977.46 | -1.51% |
| 2009 | $30,481,313.25 | 1.07% |
| 2010 | $31,016,685.61 | 1.76% |
| 2011 | $31,888,245.96 | 2.81% |
| 2012 | $32,416,107.94 | 1.66% |
| 2013 | $32,764,750.81 | 1.08% |
| 2014 | $32,875,215.25 | 0.34% |
| 2015 | $33,068,537.39 | 0.59% |
| 2016 | $33,118,544.19 | 0.15% |
| 2017 | $33,036,454.38 | -0.25% |
| 2018 | $32,877,874.79 | -0.48% |
| 2019 | $33,000,887.75 | 0.37% |
| 2020 | $33,173,102.16 | 0.52% |
| 2021 | $35,114,976.46 | 5.85% |
| 2022 | $38,764,854.33 | 10.39% |
| 2023 | $40,207,428.58 | 3.72% |
| 2024 | $39,979,925.76 | -0.57% |
| 2025 | $40,118,116.14 | 0.35% |
| 2026 | $40,134,665.89 | 0.04%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New vehicles:
| Year | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 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 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| CPI | 34.150 | 36.967 | 40.758 | 41.208 | 42.758 | 46.642 | 47.250 | 46.508 | 44.875 | 46.142 | 48.542 | 50.108 | 52.242 | 51.567 | 51.558 | 51.358 | 51.050 | 50.908 | 49.792 | 48.892 | 49.350 | 50.692 | 51.517 | 53.133 | 55.275 | 54.792 | 54.808 | 57.983 | 62.983 | 66.967 | 70.525 | 75.900 | 81.925 | 88.467 | 93.867 | 97.475 | 99.875 | 102.633 | 106.050 | 110.600 | 114.383 | 116.517 | 119.158 | 121.400 | 125.983 | 129.208 | 132.742 | 137.583 | 140.950 | 143.667 | 144.250 | 143.442 | 142.858 | 142.750 | 142.108 | 140.000 | 137.850 | 137.058 | 137.908 | 137.583 | 136.254 | 134.194 | 135.623 | 138.006 | 141.883 | 144.232 | 145.783 | 146.275 | 147.135 | 147.357 | 146.992 | 146.287 | 146.834 | 147.600 | 156.240 | 172.480 | 178.899 | 177.886 | 178.501 | 178.575 |