According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 66.56% higher in 2016 versus 1980 (a $41,935,069,993.91 difference in value).
Between 1980 and 2016: Vehicles experienced an average inflation rate of 1.43% per year. In other words, vehicles costing $63,000,000,000 in the year 1980 would cost $104,935,069,993.91 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.01% during this same period, inflation for vehicles was lower.
In the year 1980: Pricing changed by 7.99%, which is significantly above the average yearly change for vehicles during the 1980-2016 time period. Compared to inflation for all items in 1980 (13.55%), inflation for vehicles was much lower.
Below are calculations of equivalent buying power for Vehicles, over time, for $63,000,000,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1980 | $63,000,000,000.00 | 7.99% |
1981 | $66,845,404,747.41 | 6.10% |
1982 | $69,414,485,696.90 | 3.84% |
1983 | $71,123,554,473.52 | 2.46% |
1984 | $73,084,601,339.01 | 2.76% |
1985 | $75,522,215,459.53 | 3.34% |
1986 | $78,759,586,122.95 | 4.29% |
1987 | $81,454,656,116.86 | 3.42% |
1988 | $82,972,002,434.57 | 1.86% |
1989 | $84,856,360,316.49 | 2.27% |
1990 | $86,450,395,617.77 | 1.88% |
1991 | $89,715,155,203.90 | 3.78% |
1992 | $92,010,346,926.35 | 2.56% |
1993 | $94,524,650,030.43 | 2.73% |
1994 | $97,975,654,290.93 | 3.65% |
1995 | $100,374,923,919.66 | 2.45% |
1996 | $102,308,581,862.45 | 1.93% |
1997 | $102,724,893,487.52 | 0.41% |
1998 | $102,144,248,326.23 | -0.57% |
1999 | $101,733,414,485.70 | -0.40% |
2000 | $101,656,725,502.13 | -0.08% |
2001 | $101,196,591,600.73 | -0.45% |
2002 | $99,695,678,636.64 | -1.48% |
2003 | $98,167,376,749.85 | -1.53% |
2004 | $97,603,164,942.18 | -0.57% |
2005 | $98,205,721,241.63 | 0.62% |
2006 | $97,975,654,290.93 | -0.23% |
2007 | $97,028,381,010.35 | -0.97% |
2008 | $95,560,937,309.80 | -1.51% |
2009 | $96,579,038,344.49 | 1.07% |
2010 | $98,275,343,883.14 | 1.76% |
2011 | $101,036,859,403.53 | 2.81% |
2012 | $102,709,391,357.27 | 1.66% |
2013 | $103,814,041,387.71 | 1.08% |
2014 | $104,164,071,819.84 | 0.34% |
2015 | $104,776,597,687.16 | 0.59% |
2016 | $104,935,069,993.91 | 0.15% |
2017 | $104,674,930,006.09 | -0.25% |
2018 | $104,172,507,608.03 | -0.48% |
2019 | $104,562,251,978.09 | 0.37% |
2020 | $105,107,894,096.17 | 0.52% |
2021 | $111,260,651,247.72 | 5.85% |
2022 | $122,825,185,636.03 | 10.39% |
2023 | $127,395,958,612.29 | 3.72% |
2024 | $127,096,323,797.93 | -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 |