According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 176.36% higher in 2019 versus 1970 (a $88,181.70 difference in value).
Between 1970 and 2019: Vehicles experienced an average inflation rate of 2.10% per year. This rate of change indicates significant inflation. In other words, vehicles costing $50,000 in the year 1970 would cost $138,181.70 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation for vehicles was lower.
In the year 1970: Pricing changed by 3.14%, which is above the average yearly change for vehicles during the 1970-2019 time period. Compared to inflation for all items in 1970 (5.83%), inflation for vehicles was lower.
Below are calculations of equivalent buying power for Vehicles, over time, for $50,000 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1970 | $50,000.00 | 3.14% |
1971 | $52,019.69 | 4.04% |
1972 | $51,563.63 | -0.88% |
1973 | $51,578.11 | 0.03% |
1974 | $54,567.83 | 5.80% |
1975 | $59,273.20 | 8.62% |
1976 | $63,023.02 | 6.33% |
1977 | $66,367.45 | 5.31% |
1978 | $71,427.54 | 7.62% |
1979 | $77,095.70 | 7.94% |
1980 | $83,256.12 | 7.99% |
1981 | $88,337.92 | 6.10% |
1982 | $91,733.02 | 3.84% |
1983 | $93,991.60 | 2.46% |
1984 | $96,583.18 | 2.76% |
1985 | $99,804.55 | 3.34% |
1986 | $104,082.81 | 4.29% |
1987 | $107,644.42 | 3.42% |
1988 | $109,649.63 | 1.86% |
1989 | $112,139.86 | 2.27% |
1990 | $114,246.42 | 1.88% |
1991 | $118,560.88 | 3.78% |
1992 | $121,594.04 | 2.56% |
1993 | $124,916.75 | 2.73% |
1994 | $129,477.34 | 3.65% |
1995 | $132,648.04 | 2.45% |
1996 | $135,203.42 | 1.93% |
1997 | $135,753.58 | 0.41% |
1998 | $134,986.25 | -0.57% |
1999 | $134,443.32 | -0.40% |
2000 | $134,341.97 | -0.08% |
2001 | $133,733.89 | -0.45% |
2002 | $131,750.40 | -1.48% |
2003 | $129,730.71 | -1.53% |
2004 | $128,985.09 | -0.57% |
2005 | $129,781.38 | 0.62% |
2006 | $129,477.34 | -0.23% |
2007 | $128,225.50 | -0.97% |
2008 | $126,286.23 | -1.51% |
2009 | $127,631.68 | 1.07% |
2010 | $129,873.39 | 1.76% |
2011 | $133,522.80 | 2.81% |
2012 | $135,733.10 | 1.66% |
2013 | $137,192.92 | 1.08% |
2014 | $137,655.49 | 0.34% |
2015 | $138,464.96 | 0.59% |
2016 | $138,674.39 | 0.15% |
2017 | $138,330.61 | -0.25% |
2018 | $137,666.64 | -0.48% |
2019 | $138,181.70 | 0.37% |
2020 | $138,902.78 | 0.52% |
2021 | $147,033.81 | 5.85% |
2022 | $162,316.64 | 10.39% |
2023 | $168,357.03 | 3.72% |
2024 | $168,069.75 | -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 |