According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 369.37% higher in 2019 versus 1965 (a $3,693,670.89 difference in value).
Between 1965 and 2019: Used cars and trucks experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, used cars and trucks costing $1,000,000 in the year 1965 would cost $4,693,670.89 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation for used cars and trucks was lower.
In the year 1965: Pricing changed by -0.59%, which is significantly below the average yearly change for used cars and trucks during the 1965-2019 time period. Compared to inflation for all items in 1965 (1.59%), inflation for used cars and trucks was lower.
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $1,000,000 beginning in 1965. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1965 | $1,000,000.00 | -0.59% |
1966 | $974,941.88 | -2.51% |
1967 | $1,005,941.62 | 3.18% |
1968 | $1,031,559.46 | 2.55% |
1969 | $1,036,941.36 | 0.52% |
1970 | $1,048,566.26 | 1.12% |
1971 | $1,108,499.10 | 5.72% |
1972 | $1,110,307.41 | 0.16% |
1973 | $1,181,865.15 | 6.44% |
1974 | $1,232,239.73 | 4.26% |
1975 | $1,472,746.06 | 19.52% |
1976 | $1,688,710.93 | 14.66% |
1977 | $1,838,284.68 | 8.86% |
1978 | $1,875,484.37 | 2.02% |
1979 | $2,021,958.15 | 7.81% |
1980 | $2,092,740.89 | 3.50% |
1981 | $2,583,053.47 | 23.43% |
1982 | $2,981,400.15 | 15.42% |
1983 | $3,315,422.37 | 11.20% |
1984 | $3,778,610.18 | 13.97% |
1985 | $3,818,651.51 | 1.06% |
1986 | $3,653,319.56 | -4.33% |
1987 | $3,797,985.02 | 3.96% |
1988 | $3,961,766.99 | 4.31% |
1989 | $4,044,432.96 | 2.09% |
1990 | $3,948,333.76 | -2.38% |
1991 | $3,966,933.61 | 0.47% |
1992 | $4,136,398.86 | 4.27% |
1993 | $4,496,254.20 | 8.70% |
1994 | $4,757,427.02 | 5.81% |
1995 | $5,254,197.88 | 10.44% |
1996 | $5,273,831.05 | 0.37% |
1997 | $5,075,174.37 | -3.77% |
1998 | $5,057,866.18 | -0.34% |
1999 | $5,105,657.45 | 0.94% |
2000 | $5,230,948.08 | 2.45% |
2001 | $5,329,630.59 | 1.89% |
2002 | $5,103,849.13 | -4.24% |
2003 | $4,799,535.00 | -5.96% |
2004 | $4,477,396.02 | -6.71% |
2005 | $4,682,769.31 | 4.59% |
2006 | $4,701,369.16 | 0.40% |
2007 | $4,558,788.43 | -3.03% |
2008 | $4,498,488.76 | -1.32% |
2009 | $4,264,133.30 | -5.21% |
2010 | $4,806,677.86 | 12.72% |
2011 | $5,004,228.88 | 4.11% |
2012 | $5,048,545.60 | 0.89% |
2013 | $5,033,657.97 | -0.29% |
2014 | $5,007,024.02 | -0.53% |
2015 | $4,940,723.33 | -1.32% |
2016 | $4,818,775.51 | -2.47% |
2017 | $4,643,159.39 | -3.64% |
2018 | $4,647,390.86 | 0.09% |
2019 | $4,693,670.89 | 1.00% |
2020 | $4,843,389.31 | 3.19% |
2021 | $6,133,216.22 | 26.63% |
2022 | $6,915,024.54 | 12.75% |
2023 | $6,421,821.23 | -7.13% |
2024 | $6,035,143.37 | -6.02%* |
* 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 | 179.708 |