According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 2.31% lower in 2018 versus 1994 (a $392,823,107.24 difference in value).
Between 1994 and 2018:Used cars and trucks experienced an average inflation rate of -0.10% per year. In other words, used cars and trucks costing $17,000,000,000 in the year 1994 would cost $16,607,176,892.76 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.22% during this same period, inflation for used cars and trucks was lower.
In the year 1994: Pricing changed by 5.81%, which is significantly above the average yearly change for used cars and trucks during the 1994-2018 time period. Compared to inflation for all items in 1994 (2.61%), inflation for used cars and trucks was much higher.
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $17,000,000,000 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1994 | $17,000,000,000.00 | 5.81% |
| 1995 | $18,775,104,417.91 | 10.44% |
| 1996 | $18,846,108,594.62 | 0.38% |
| 1997 | $18,136,066,827.46 | -3.77% |
| 1998 | $18,074,063,180.19 | -0.34% |
| 1999 | $18,245,073,239.60 | 0.95% |
| 2000 | $18,692,099,535.27 | 2.45% |
| 2001 | $19,045,120,301.19 | 1.89% |
| 2002 | $18,238,072,827.81 | -4.24% |
| 2003 | $17,151,008,882.88 | -5.96% |
| 2004 | $15,999,941,173.01 | -6.71% |
| 2005 | $16,733,984,352.02 | 4.59% |
| 2006 | $16,799,988,234.60 | 0.39% |
| 2007 | $16,290,558,268.13 | -3.03% |
| 2008 | $16,075,085,593.27 | -1.32% |
| 2009 | $15,237,626,330.96 | -5.21% |
| 2010 | $17,176,380,375.32 | 12.72% |
| 2011 | $17,882,311,900.70 | 4.11% |
| 2012 | $18,040,681,216.54 | 0.89% |
| 2013 | $17,987,478,086.95 | -0.29% |
| 2014 | $17,892,302,488.38 | -0.53% |
| 2015 | $17,655,378,551.68 | -1.32% |
| 2016 | $17,219,612,918.41 | -2.47% |
| 2017 | $16,592,056,003.29 | -3.64% |
| 2018 | $16,607,176,892.76 | 0.09% |
| 2019 | $16,772,556,620.98 | 1.00% |
| 2020 | $17,307,568,092.24 | 3.19% |
| 2021 | $21,916,689,217.01 | 26.63% |
| 2022 | $24,710,433,554.91 | 12.75% |
| 2023 | $22,947,999,882.35 | -7.13% |
| 2024 | $21,580,019,412.91 | -5.96% |
| 2025 | $22,211,201,086.69 | 2.92% |
| 2026 | $22,365,355,609.15 | 0.69%* |
* 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 | 2025 | 2026 |
| CPI | 28.400 | 26.733 | 22.742 | 21.475 | 20.683 | 23.150 | 24.008 | 26.808 | 25.058 | 26.017 | 28.383 | 28.733 | 29.950 | 29.775 | 29.033 | 29.958 | 30.900 | 30.875 | 31.225 | 33.008 | 33.058 | 35.192 | 36.692 | 43.858 | 50.283 | 54.742 | 55.850 | 60.208 | 62.317 | 76.917 | 88.775 | 98.725 | 112.517 | 113.708 | 108.783 | 113.092 | 117.967 | 120.433 | 117.567 | 118.125 | 123.167 | 133.883 | 141.658 | 156.450 | 157.042 | 151.125 | 150.608 | 152.033 | 155.758 | 158.700 | 151.975 | 142.917 | 133.325 | 139.442 | 139.992 | 135.747 | 133.951 | 126.973 | 143.128 | 149.011 | 150.330 | 149.887 | 149.094 | 147.119 | 143.488 | 138.259 | 138.385 | 139.763 | 144.221 | 182.628 | 205.908 | 191.222 | 179.823 | 185.082 | 186.367 |