According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 620.62% higher in 2018 versus 1935 (a $2,606,621.22 difference in value).
Between 1935 and 2018: Vehicles experienced an average inflation rate of 2.41% per year. This rate of change indicates significant inflation. In other words, vehicles costing $420,000 in the year 1935 would cost $3,026,621.22 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.56% during this same period, inflation for vehicles was lower.
Below are calculations of equivalent buying power for Vehicles, over time, for $420,000 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1935 | $420,000.00 | - |
1936 | $422,068.97 | 0.49% |
1937 | $430,344.83 | 1.96% |
1938 | $451,034.48 | 4.81% |
1939 | $440,689.66 | -2.29% |
1940 | $442,758.62 | 0.47% |
1941 | $475,862.07 | 7.48% |
1942 | $475,862.07 | 0.00% ** |
1943 | $475,862.07 | 0.00% ** |
1944 | $475,862.07 | 0.00% ** |
1945 | $475,862.07 | 0.00% ** |
1946 | $475,862.07 | 0.00% ** |
1947 | $713,793.10 | 50.00% |
1948 | $777,517.24 | 8.93% |
1949 | $848,275.86 | 9.10% |
1950 | $852,827.59 | 0.54% |
1951 | $897,103.45 | 5.19% |
1952 | $971,172.41 | 8.26% |
1953 | $977,665.78 | 0.67% |
1954 | $962,228.12 | -1.58% |
1955 | $928,488.06 | -3.51% |
1956 | $954,588.86 | 2.81% |
1957 | $1,004,403.18 | 5.22% |
1958 | $1,036,710.88 | 3.22% |
1959 | $1,080,954.91 | 4.27% |
1960 | $1,066,949.60 | -1.30% |
1961 | $1,066,790.45 | -0.01% |
1962 | $1,062,652.52 | -0.39% |
1963 | $1,056,286.47 | -0.60% |
1964 | $1,053,262.60 | -0.29% |
1965 | $1,030,185.68 | -2.19% |
1966 | $1,011,564.99 | -1.81% |
1967 | $1,020,954.91 | 0.93% |
1968 | $1,048,806.37 | 2.73% |
1969 | $1,065,835.54 | 1.62% |
1970 | $1,099,257.29 | 3.14% |
1971 | $1,143,660.48 | 4.04% |
1972 | $1,133,633.95 | -0.88% |
1973 | $1,133,952.25 | 0.03% |
1974 | $1,199,681.70 | 5.80% |
1975 | $1,303,129.97 | 8.62% |
1976 | $1,385,570.29 | 6.33% |
1977 | $1,459,098.14 | 5.31% |
1978 | $1,570,344.83 | 7.62% |
1979 | $1,694,960.21 | 7.94% |
1980 | $1,830,397.88 | 7.99% |
1981 | $1,942,122.02 | 6.10% |
1982 | $2,016,763.93 | 3.84% |
1983 | $2,066,419.10 | 2.46% |
1984 | $2,123,395.23 | 2.76% |
1985 | $2,194,217.51 | 3.34% |
1986 | $2,288,275.86 | 4.29% |
1987 | $2,366,578.25 | 3.42% |
1988 | $2,410,663.13 | 1.86% |
1989 | $2,465,411.14 | 2.27% |
1990 | $2,511,724.14 | 1.88% |
1991 | $2,606,578.25 | 3.78% |
1992 | $2,673,262.60 | 2.56% |
1993 | $2,746,313.00 | 2.73% |
1994 | $2,846,578.25 | 3.65% |
1995 | $2,916,286.47 | 2.45% |
1996 | $2,972,466.84 | 1.93% |
1997 | $2,984,562.33 | 0.41% |
1998 | $2,967,692.31 | -0.57% |
1999 | $2,955,755.97 | -0.40% |
2000 | $2,953,527.85 | -0.08% |
2001 | $2,940,159.15 | -0.45% |
2002 | $2,896,551.72 | -1.48% |
2003 | $2,852,148.54 | -1.53% |
2004 | $2,835,755.97 | -0.57% |
2005 | $2,853,262.60 | 0.62% |
2006 | $2,846,578.25 | -0.23% |
2007 | $2,819,056.23 | -0.97% |
2008 | $2,776,421.22 | -1.51% |
2009 | $2,806,001.06 | 1.07% |
2010 | $2,855,285.41 | 1.76% |
2011 | $2,935,518.30 | 2.81% |
2012 | $2,984,111.94 | 1.66% |
2013 | $3,016,206.37 | 1.08% |
2014 | $3,026,376.13 | 0.34% |
2015 | $3,044,172.41 | 0.59% |
2016 | $3,048,776.66 | 0.15% |
2017 | $3,041,218.57 | -0.25% |
2018 | $3,026,621.22 | -0.48% |
2019 | $3,037,944.83 | 0.37% |
2020 | $3,053,797.88 | 0.52% |
2021 | $3,232,559.68 | 5.85% |
2022 | $3,568,554.91 | 10.39% |
2023 | $3,701,353.85 | 3.72% |
2024 | $3,692,648.28 | -0.24%* |
* 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 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 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 |
CPI | 20.300 | 20.400 | 20.800 | 21.800 | 21.300 | 21.400 | 23.000 | 23.000 | 23.000 | 23.000 | 23.000 | 23.000 | 34.500 | 37.580 | 41.000 | 41.220 | 43.360 | 46.940 | 47.254 | 46.508 | 44.877 | 46.138 | 48.546 | 50.108 | 52.246 | 51.569 | 51.562 | 51.362 | 51.054 | 50.908 | 49.792 | 48.892 | 49.346 | 50.692 | 51.515 | 53.131 | 55.277 | 54.792 | 54.808 | 57.985 | 62.985 | 66.969 | 70.523 | 75.900 | 81.923 | 88.469 | 93.869 | 97.477 | 99.877 | 102.631 | 106.054 | 110.600 | 114.385 | 116.515 | 119.162 | 121.400 | 125.985 | 129.208 | 132.738 | 137.585 | 140.954 | 143.669 | 144.254 | 143.438 | 142.862 | 142.754 | 142.108 | 140.000 | 137.854 | 137.062 | 137.908 | 137.585 | 136.254 | 134.194 | 135.623 | 138.005 | 141.883 | 144.232 | 145.783 | 146.275 | 147.135 | 147.358 | 146.992 | 146.287 | 146.834 | 147.600 | 156.240 | 172.480 | 178.899 | 178.478 |