According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 586.14% higher in 2019 versus 1940 (a $58,614,018.69 difference in value).
Between 1940 and 2019: Vehicles experienced an average inflation rate of 2.47% per year. This rate of change indicates significant inflation. In other words, vehicles costing $10,000,000 in the year 1940 would cost $68,614,018.69 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.74% during this same period, inflation for vehicles was lower.
In the year 1940: Pricing changed by 0.47%, which is below the average yearly change for vehicles during the 1940-2019 time period. Compared to inflation for all items in 1940 (0.72%), inflation for vehicles was lower.
Below are calculations of equivalent buying power for Vehicles, over time, for $10,000,000 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $10,000,000.00 | 0.47% |
1941 | $10,747,663.55 | 7.48% |
1942 | $10,747,663.55 | 0.00% ** |
1943 | $10,747,663.55 | 0.00% ** |
1944 | $10,747,663.55 | 0.00% ** |
1945 | $10,747,663.55 | 0.00% ** |
1946 | $10,747,663.55 | 0.00% ** |
1947 | $16,121,495.33 | 50.00% |
1948 | $17,560,747.66 | 8.93% |
1949 | $19,158,878.50 | 9.10% |
1950 | $19,261,682.24 | 0.54% |
1951 | $20,261,682.24 | 5.19% |
1952 | $21,934,579.44 | 8.26% |
1953 | $22,081,236.52 | 0.67% |
1954 | $21,732,566.50 | -1.58% |
1955 | $20,970,524.80 | -3.51% |
1956 | $21,560,028.76 | 2.81% |
1957 | $22,685,118.62 | 5.22% |
1958 | $23,414,809.49 | 3.22% |
1959 | $24,414,090.58 | 4.27% |
1960 | $24,097,771.39 | -1.30% |
1961 | $24,094,176.85 | -0.01% |
1962 | $24,000,718.91 | -0.39% |
1963 | $23,856,937.46 | -0.60% |
1964 | $23,788,641.27 | -0.29% |
1965 | $23,267,433.50 | -2.19% |
1966 | $22,846,872.75 | -1.81% |
1967 | $23,058,950.40 | 0.93% |
1968 | $23,687,994.25 | 2.73% |
1969 | $24,072,609.63 | 1.62% |
1970 | $24,827,462.26 | 3.14% |
1971 | $25,830,337.89 | 4.04% |
1972 | $25,603,882.10 | -0.88% |
1973 | $25,611,071.17 | 0.03% |
1974 | $27,095,614.67 | 5.80% |
1975 | $29,432,063.26 | 8.62% |
1976 | $31,294,033.07 | 6.33% |
1977 | $32,954,708.84 | 5.31% |
1978 | $35,467,289.72 | 7.62% |
1979 | $38,281,811.65 | 7.94% |
1980 | $41,340,762.04 | 7.99% |
1981 | $43,864,126.53 | 6.10% |
1982 | $45,549,964.05 | 3.84% |
1983 | $46,671,459.38 | 2.46% |
1984 | $47,958,303.38 | 2.76% |
1985 | $49,557,872.03 | 3.34% |
1986 | $51,682,242.99 | 4.29% |
1987 | $53,450,754.85 | 3.42% |
1988 | $54,446,441.41 | 1.86% |
1989 | $55,682,961.90 | 2.27% |
1990 | $56,728,971.96 | 1.88% |
1991 | $58,871,315.60 | 3.78% |
1992 | $60,377,426.31 | 2.56% |
1993 | $62,027,318.48 | 2.73% |
1994 | $64,291,876.35 | 3.65% |
1995 | $65,866,283.25 | 2.45% |
1996 | $67,135,154.57 | 1.93% |
1997 | $67,408,339.32 | 0.41% |
1998 | $67,027,318.48 | -0.57% |
1999 | $66,757,728.25 | -0.40% |
2000 | $66,707,404.74 | -0.08% |
2001 | $66,405,463.70 | -0.45% |
2002 | $65,420,560.75 | -1.48% |
2003 | $64,417,685.12 | -1.53% |
2004 | $64,047,447.88 | -0.57% |
2005 | $64,442,846.87 | 0.62% |
2006 | $64,291,876.35 | -0.23% |
2007 | $63,670,273.18 | -0.97% |
2008 | $62,707,332.85 | -1.51% |
2009 | $63,375,413.37 | 1.07% |
2010 | $64,488,533.43 | 1.76% |
2011 | $66,300,647.02 | 2.81% |
2012 | $67,398,166.79 | 1.66% |
2013 | $68,123,040.98 | 1.08% |
2014 | $68,352,731.85 | 0.34% |
2015 | $68,754,672.90 | 0.59% |
2016 | $68,858,662.83 | 0.15% |
2017 | $68,687,958.30 | -0.25% |
2018 | $68,358,267.43 | -0.48% |
2019 | $68,614,018.69 | 0.37% |
2020 | $68,972,070.45 | 0.52% |
2021 | $73,009,525.52 | 5.85% |
2022 | $80,598,202.73 | 10.39% |
2023 | $83,597,555.72 | 3.72% |
2024 | $83,400,934.58 | -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 |