According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 387.27% higher in 2018 versus 1952 (a $3,640,348.59 difference in value).
Between 1952 and 2018: Used cars and trucks experienced an average inflation rate of 2.43% per year. This rate of change indicates significant inflation. In other words, used cars and trucks costing $940,000 in the year 1952 would cost $4,580,348.59 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.46% during this same period, inflation for used cars and trucks was lower.
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $940,000 beginning in 1952. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1952 | $940,000.00 | - |
1953 | $884,750.81 | -5.88% |
1954 | $752,611.05 | -14.94% |
1955 | $710,855.90 | -5.55% |
1956 | $684,631.64 | -3.69% |
1957 | $766,359.70 | 11.94% |
1958 | $794,620.80 | 3.69% |
1959 | $887,296.86 | 11.66% |
1960 | $829,247.02 | -6.54% |
1961 | $861,072.59 | 3.84% |
1962 | $939,490.79 | 9.11% |
1963 | $950,948.00 | 1.22% |
1964 | $991,430.12 | 4.26% |
1965 | $985,574.21 | -0.59% |
1966 | $960,877.57 | -2.51% |
1967 | $991,430.12 | 3.18% |
1968 | $1,016,678.40 | 2.55% |
1969 | $1,021,982.67 | 0.52% |
1970 | $1,033,439.87 | 1.12% |
1971 | $1,092,508.13 | 5.72% |
1972 | $1,094,290.36 | 0.16% |
1973 | $1,164,815.82 | 6.44% |
1974 | $1,214,463.71 | 4.26% |
1975 | $1,451,500.54 | 19.52% |
1976 | $1,664,349.95 | 14.66% |
1977 | $1,811,765.98 | 8.86% |
1978 | $1,848,429.04 | 2.02% |
1979 | $1,992,789.82 | 7.81% |
1980 | $2,062,551.46 | 3.50% |
1981 | $2,545,790.90 | 23.43% |
1982 | $2,938,391.12 | 15.42% |
1983 | $3,267,594.80 | 11.20% |
1984 | $3,724,100.76 | 13.97% |
1985 | $3,763,564.46 | 1.06% |
1986 | $3,600,617.55 | -4.33% |
1987 | $3,743,196.10 | 3.96% |
1988 | $3,904,615.38 | 4.31% |
1989 | $3,986,088.84 | 2.09% |
1990 | $3,891,375.95 | -2.38% |
1991 | $3,909,707.48 | 0.47% |
1992 | $4,076,728.06 | 4.27% |
1993 | $4,431,392.20 | 8.70% |
1994 | $4,688,797.40 | 5.81% |
1995 | $5,178,401.95 | 10.44% |
1996 | $5,197,751.90 | 0.37% |
1997 | $5,001,961.00 | -3.77% |
1998 | $4,984,902.49 | -0.34% |
1999 | $5,032,004.33 | 0.94% |
2000 | $5,155,487.54 | 2.45% |
2001 | $5,252,746.48 | 1.89% |
2002 | $5,030,222.10 | -4.24% |
2003 | $4,730,297.94 | -5.96% |
2004 | $4,412,806.07 | -6.71% |
2005 | $4,615,216.68 | 4.59% |
2006 | $4,633,548.21 | 0.40% |
2007 | $4,493,024.32 | -3.03% |
2008 | $4,433,594.53 | -1.32% |
2009 | $4,202,619.83 | -5.21% |
2010 | $4,737,337.76 | 12.72% |
2011 | $4,932,038.95 | 4.11% |
2012 | $4,975,716.36 | 0.89% |
2013 | $4,961,043.50 | -0.29% |
2014 | $4,934,793.77 | -0.53% |
2015 | $4,869,449.51 | -1.32% |
2016 | $4,749,260.89 | -2.47% |
2017 | $4,576,178.17 | -3.64% |
2018 | $4,580,348.59 | 0.09% |
2019 | $4,625,961.00 | 1.00% |
2020 | $4,773,519.61 | 3.19% |
2021 | $6,044,739.76 | 26.63% |
2022 | $6,815,269.88 | 12.75% |
2023 | $6,329,181.42 | -7.13% |
2024 | $5,961,133.57 | -5.82%* |
* 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 Used cars and trucks:
Year | 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 | 28.400 | 26.731 | 22.738 | 21.477 | 20.685 | 23.154 | 24.008 | 26.808 | 25.054 | 26.015 | 28.385 | 28.731 | 29.954 | 29.777 | 29.031 | 29.954 | 30.717 | 30.877 | 31.223 | 33.008 | 33.062 | 35.192 | 36.692 | 43.854 | 50.285 | 54.738 | 55.846 | 60.208 | 62.315 | 76.915 | 88.777 | 98.723 | 112.515 | 113.708 | 108.785 | 113.092 | 117.969 | 120.431 | 117.569 | 118.123 | 123.169 | 133.885 | 141.662 | 156.454 | 157.038 | 151.123 | 150.608 | 152.031 | 155.762 | 158.700 | 151.977 | 142.915 | 133.323 | 139.438 | 139.992 | 135.747 | 133.951 | 126.973 | 143.128 | 149.011 | 150.330 | 149.887 | 149.094 | 147.120 | 143.488 | 138.259 | 138.385 | 139.763 | 144.221 | 182.628 | 205.908 | 191.222 | 180.102 |