According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 130.26% higher in 2016 versus 1980 (a $82,064,712,998.40 difference in value).
Between 1980 and 2016: Used cars and trucks experienced an average inflation rate of 2.34% per year. This rate of change indicates significant inflation. In other words, used cars and trucks costing $63,000,000,000 in the year 1980 would cost $145,064,712,998.40 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.01% during this same period, inflation for used cars and trucks was lower.
In the year 1980: Pricing changed by 3.50%, which is above the average yearly change for used cars and trucks during the 1980-2016 time period. Compared to inflation for all items in 1980 (13.55%), inflation for used cars and trucks was much lower.
Below are calculations of equivalent buying power for Used cars and trucks, 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 | 3.50% |
1981 | $77,760,399,950.62 | 23.43% |
1982 | $89,752,252,808.30 | 15.42% |
1983 | $99,807,678,064.44 | 11.20% |
1984 | $113,751,512,158.99 | 13.97% |
1985 | $114,956,918,898.90 | 1.06% |
1986 | $109,979,755,585.73 | -4.33% |
1987 | $114,334,773,484.75 | 3.96% |
1988 | $119,265,275,891.87 | 4.31% |
1989 | $121,753,857,548.45 | 2.09% |
1990 | $118,860,881,372.67 | -2.38% |
1991 | $119,420,812,245.40 | 0.47% |
1992 | $124,522,404,641.40 | 4.27% |
1993 | $135,355,511,665.23 | 8.70% |
1994 | $143,217,874,336.50 | 5.81% |
1995 | $158,172,694,729.05 | 10.44% |
1996 | $158,763,732,872.48 | 0.37% |
1997 | $152,783,360,079.00 | -3.77% |
1998 | $152,262,313,294.65 | -0.34% |
1999 | $153,701,024,564.87 | 0.94% |
2000 | $157,472,781,138.13 | 2.45% |
2001 | $160,443,525,490.68 | 1.89% |
2002 | $153,646,586,841.13 | -4.24% |
2003 | $144,485,495,617.82 | -5.96% |
2004 | $134,787,803,974.82 | -6.71% |
2005 | $140,970,374,027.90 | 4.59% |
2006 | $141,530,304,900.63 | 0.40% |
2007 | $137,238,045,920.26 | -3.03% |
2008 | $135,422,781,138.13 | -1.32% |
2009 | $128,367,729,909.89 | -5.21% |
2010 | $144,700,524,626.59 | 12.72% |
2011 | $150,647,612,640.41 | 4.11% |
2012 | $151,981,725,712.87 | 0.89% |
2013 | $151,533,547,710.16 | -0.29% |
2014 | $150,731,757,807.68 | -0.53% |
2015 | $148,735,837,550.92 | -1.32% |
2016 | $145,064,712,998.40 | -2.47% |
2017 | $139,777,954,573.51 | -3.64% |
2018 | $139,905,338,847.06 | 0.09% |
2019 | $141,298,555,733.86 | 1.00% |
2020 | $145,805,688,186.64 | 3.19% |
2021 | $184,634,716,701.64 | 26.63% |
2022 | $208,170,322,182.45 | 12.75% |
2023 | $193,322,899,642.02 | -7.13% |
2024 | $182,080,991,235.65 | -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 |