According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 620.62% higher in 2018 versus 1935 (a $5,709,741.72 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 $920,000 in the year 1935 would cost $6,629,741.72 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 $920,000 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 | $920,000.00 | - |
1936 | $924,532.02 | 0.49% |
1937 | $942,660.10 | 1.96% |
1938 | $987,980.30 | 4.81% |
1939 | $965,320.20 | -2.29% |
1940 | $969,852.22 | 0.47% |
1941 | $1,042,364.53 | 7.48% |
1942 | $1,042,364.53 | 0.00% ** |
1943 | $1,042,364.53 | 0.00% ** |
1944 | $1,042,364.53 | 0.00% ** |
1945 | $1,042,364.53 | 0.00% ** |
1946 | $1,042,364.53 | 0.00% ** |
1947 | $1,563,546.80 | 50.00% |
1948 | $1,703,133.00 | 8.93% |
1949 | $1,858,128.08 | 9.10% |
1950 | $1,868,098.52 | 0.54% |
1951 | $1,965,083.74 | 5.19% |
1952 | $2,127,330.05 | 8.26% |
1953 | $2,141,553.62 | 0.67% |
1954 | $2,107,737.78 | -1.58% |
1955 | $2,033,831.00 | -3.51% |
1956 | $2,091,004.17 | 2.81% |
1957 | $2,200,121.26 | 5.22% |
1958 | $2,270,890.49 | 3.22% |
1959 | $2,367,805.99 | 4.27% |
1960 | $2,337,127.70 | -1.30% |
1961 | $2,336,779.08 | -0.01% |
1962 | $2,327,715.04 | -0.39% |
1963 | $2,313,770.37 | -0.60% |
1964 | $2,307,146.65 | -0.29% |
1965 | $2,256,597.20 | -2.19% |
1966 | $2,215,809.02 | -1.81% |
1967 | $2,236,377.42 | 0.93% |
1968 | $2,297,385.37 | 2.73% |
1969 | $2,334,687.38 | 1.62% |
1970 | $2,407,896.93 | 3.14% |
1971 | $2,505,161.05 | 4.04% |
1972 | $2,483,198.18 | -0.88% |
1973 | $2,483,895.41 | 0.03% |
1974 | $2,627,874.19 | 5.80% |
1975 | $2,854,475.18 | 8.62% |
1976 | $3,035,058.73 | 6.33% |
1977 | $3,196,119.74 | 5.31% |
1978 | $3,439,802.96 | 7.62% |
1979 | $3,712,769.99 | 7.94% |
1980 | $4,009,442.97 | 7.99% |
1981 | $4,254,172.03 | 6.10% |
1982 | $4,417,673.36 | 3.84% |
1983 | $4,526,441.83 | 2.46% |
1984 | $4,651,246.68 | 2.76% |
1985 | $4,806,381.21 | 3.34% |
1986 | $5,012,413.79 | 4.29% |
1987 | $5,183,933.31 | 3.42% |
1988 | $5,280,500.19 | 1.86% |
1989 | $5,400,424.40 | 2.27% |
1990 | $5,501,871.92 | 1.88% |
1991 | $5,709,647.59 | 3.78% |
1992 | $5,855,718.08 | 2.56% |
1993 | $6,015,733.23 | 2.73% |
1994 | $6,235,361.88 | 3.65% |
1995 | $6,388,056.08 | 2.45% |
1996 | $6,511,117.85 | 1.93% |
1997 | $6,537,612.73 | 0.41% |
1998 | $6,500,659.34 | -0.57% |
1999 | $6,474,513.07 | -0.40% |
2000 | $6,469,632.44 | -0.08% |
2001 | $6,440,348.62 | -0.45% |
2002 | $6,344,827.59 | -1.48% |
2003 | $6,247,563.47 | -1.53% |
2004 | $6,211,655.93 | -0.57% |
2005 | $6,250,003.79 | 0.62% |
2006 | $6,235,361.88 | -0.23% |
2007 | $6,175,075.56 | -0.97% |
2008 | $6,081,684.58 | -1.51% |
2009 | $6,146,478.51 | 1.07% |
2010 | $6,254,434.71 | 1.76% |
2011 | $6,430,182.95 | 2.81% |
2012 | $6,536,626.15 | 1.66% |
2013 | $6,606,928.23 | 1.08% |
2014 | $6,629,204.85 | 0.34% |
2015 | $6,668,187.19 | 0.59% |
2016 | $6,678,272.68 | 0.15% |
2017 | $6,661,716.86 | -0.25% |
2018 | $6,629,741.72 | -0.48% |
2019 | $6,654,545.81 | 0.37% |
2020 | $6,689,271.54 | 0.52% |
2021 | $7,080,845.02 | 5.85% |
2022 | $7,816,834.56 | 10.39% |
2023 | $8,107,727.47 | 3.72% |
2024 | $8,088,658.13 | -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 |