According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 197.56% higher in 2019 versus 1967 (a $7,112,129.70 difference in value).
Between 1967 and 2019: Vehicles experienced an average inflation rate of 2.12% per year. This rate of change indicates significant inflation. In other words, vehicles costing $3,600,000 in the year 1967 would cost $10,712,129.70 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation for vehicles was lower.
In the year 1967: Pricing changed by 0.93%, which is below the average yearly change for vehicles during the 1967-2019 time period. Compared to inflation for all items in 1967 (2.80%), inflation for vehicles was lower.
Below are calculations of equivalent buying power for Vehicles, over time, for $3,600,000 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1967 | $3,600,000.00 | 0.93% |
1968 | $3,698,207.33 | 2.73% |
1969 | $3,758,254.09 | 1.62% |
1970 | $3,876,102.88 | 3.14% |
1971 | $4,032,673.42 | 4.04% |
1972 | $3,997,318.78 | -0.88% |
1973 | $3,998,441.15 | 0.03% |
1974 | $4,230,210.44 | 5.80% |
1975 | $4,594,980.51 | 8.62% |
1976 | $4,885,674.20 | 6.33% |
1977 | $5,144,941.54 | 5.31% |
1978 | $5,537,209.66 | 7.62% |
1979 | $5,976,617.30 | 7.94% |
1980 | $6,454,185.50 | 7.99% |
1981 | $6,848,137.18 | 6.10% |
1982 | $7,111,332.81 | 3.84% |
1983 | $7,286,422.45 | 2.46% |
1984 | $7,487,326.58 | 2.76% |
1985 | $7,737,053.78 | 3.34% |
1986 | $8,068,713.95 | 4.29% |
1987 | $8,344,816.84 | 3.42% |
1988 | $8,500,265.00 | 1.86% |
1989 | $8,693,312.55 | 2.27% |
1990 | $8,856,617.30 | 1.88% |
1991 | $9,191,083.40 | 3.78% |
1992 | $9,426,219.80 | 2.56% |
1993 | $9,683,803.59 | 2.73% |
1994 | $10,037,349.96 | 3.65% |
1995 | $10,283,148.87 | 2.45% |
1996 | $10,481,247.08 | 1.93% |
1997 | $10,523,897.12 | 0.41% |
1998 | $10,464,411.54 | -0.57% |
1999 | $10,422,322.68 | -0.40% |
2000 | $10,414,466.10 | -0.08% |
2001 | $10,367,326.58 | -0.45% |
2002 | $10,213,561.96 | -1.48% |
2003 | $10,056,991.43 | -1.53% |
2004 | $9,999,189.40 | -0.57% |
2005 | $10,060,919.72 | 0.62% |
2006 | $10,037,349.96 | -0.23% |
2007 | $9,940,304.29 | -0.97% |
2008 | $9,789,968.51 | -1.51% |
2009 | $9,894,270.30 | 1.07% |
2010 | $10,068,052.38 | 1.76% |
2011 | $10,350,962.43 | 2.81% |
2012 | $10,522,308.96 | 1.66% |
2013 | $10,635,477.47 | 1.08% |
2014 | $10,671,337.18 | 0.34% |
2015 | $10,734,088.85 | 0.59% |
2016 | $10,750,323.93 | 0.15% |
2017 | $10,723,673.27 | -0.25% |
2018 | $10,672,201.40 | -0.48% |
2019 | $10,712,129.70 | 0.37% |
2020 | $10,768,029.31 | 0.52% |
2021 | $11,398,363.21 | 5.85% |
2022 | $12,583,119.56 | 10.39% |
2023 | $13,051,383.32 | 3.72% |
2024 | $13,029,112.70 | -0.17%* |
* 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 | 178.594 |