According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 620.62% higher in 2018 versus 1935 (a $6,144,178.59 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 $990,000 in the year 1935 would cost $7,134,178.59 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 $990,000 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 | $990,000.00 | - |
1936 | $994,876.85 | 0.49% |
1937 | $1,014,384.24 | 1.96% |
1938 | $1,063,152.71 | 4.81% |
1939 | $1,038,768.47 | -2.29% |
1940 | $1,043,645.32 | 0.47% |
1941 | $1,121,674.88 | 7.48% |
1942 | $1,121,674.88 | 0.00% ** |
1943 | $1,121,674.88 | 0.00% ** |
1944 | $1,121,674.88 | 0.00% ** |
1945 | $1,121,674.88 | 0.00% ** |
1946 | $1,121,674.88 | 0.00% ** |
1947 | $1,682,512.32 | 50.00% |
1948 | $1,832,719.21 | 8.93% |
1949 | $1,999,507.39 | 9.10% |
1950 | $2,010,236.45 | 0.54% |
1951 | $2,114,600.99 | 5.19% |
1952 | $2,289,192.12 | 8.26% |
1953 | $2,304,497.92 | 0.67% |
1954 | $2,268,109.13 | -1.58% |
1955 | $2,188,579.01 | -3.51% |
1956 | $2,250,102.31 | 2.81% |
1957 | $2,367,521.79 | 5.22% |
1958 | $2,443,675.63 | 3.22% |
1959 | $2,547,965.14 | 4.27% |
1960 | $2,514,952.63 | -1.30% |
1961 | $2,514,577.49 | -0.01% |
1962 | $2,504,823.80 | -0.39% |
1963 | $2,489,818.11 | -0.60% |
1964 | $2,482,690.41 | -0.29% |
1965 | $2,428,294.81 | -2.19% |
1966 | $2,384,403.18 | -1.81% |
1967 | $2,406,536.57 | 0.93% |
1968 | $2,472,186.43 | 2.73% |
1969 | $2,512,326.64 | 1.62% |
1970 | $2,591,106.48 | 3.14% |
1971 | $2,695,771.13 | 4.04% |
1972 | $2,672,137.17 | -0.88% |
1973 | $2,672,887.46 | 0.03% |
1974 | $2,827,821.14 | 5.80% |
1975 | $3,071,663.51 | 8.62% |
1976 | $3,265,987.12 | 6.33% |
1977 | $3,439,302.77 | 5.31% |
1978 | $3,701,527.09 | 7.62% |
1979 | $3,995,263.36 | 7.94% |
1980 | $4,314,509.28 | 7.99% |
1981 | $4,577,859.04 | 6.10% |
1982 | $4,753,800.68 | 3.84% |
1983 | $4,870,845.02 | 2.46% |
1984 | $5,005,145.89 | 2.76% |
1985 | $5,172,084.12 | 3.34% |
1986 | $5,393,793.10 | 4.29% |
1987 | $5,578,363.02 | 3.42% |
1988 | $5,682,277.38 | 1.86% |
1989 | $5,811,326.26 | 2.27% |
1990 | $5,920,492.61 | 1.88% |
1991 | $6,144,077.30 | 3.78% |
1992 | $6,301,261.84 | 2.56% |
1993 | $6,473,452.07 | 2.73% |
1994 | $6,709,791.59 | 3.65% |
1995 | $6,874,103.83 | 2.45% |
1996 | $7,006,528.99 | 1.93% |
1997 | $7,035,039.79 | 0.41% |
1998 | $6,995,274.73 | -0.57% |
1999 | $6,967,139.07 | -0.40% |
2000 | $6,961,887.08 | -0.08% |
2001 | $6,930,375.14 | -0.45% |
2002 | $6,827,586.21 | -1.48% |
2003 | $6,722,921.56 | -1.53% |
2004 | $6,684,281.92 | -0.57% |
2005 | $6,725,547.56 | 0.62% |
2006 | $6,709,791.59 | -0.23% |
2007 | $6,644,918.26 | -0.97% |
2008 | $6,544,421.45 | -1.51% |
2009 | $6,614,145.36 | 1.07% |
2010 | $6,730,315.61 | 1.76% |
2011 | $6,919,436.00 | 2.81% |
2012 | $7,033,978.14 | 1.66% |
2013 | $7,109,629.29 | 1.08% |
2014 | $7,133,600.87 | 0.34% |
2015 | $7,175,549.26 | 0.59% |
2016 | $7,186,402.12 | 0.15% |
2017 | $7,168,586.62 | -0.25% |
2018 | $7,134,178.59 | -0.48% |
2019 | $7,160,869.95 | 0.37% |
2020 | $7,198,237.86 | 0.52% |
2021 | $7,619,604.96 | 5.85% |
2022 | $8,411,593.71 | 10.39% |
2023 | $8,724,619.78 | 3.72% |
2024 | $8,704,099.51 | -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 |