According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 8.29% lower in 2016 versus 1995 (a $5,220,893,849.26 difference in value).
Between 1995 and 2016: Used cars and trucks experienced an average inflation rate of -0.41% per year. In other words, used cars and trucks costing $63,000,000,000 in the year 1995 would cost $57,779,106,150.74 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 2.19% during this same period, inflation for used cars and trucks was lower.
In the year 1995: Pricing changed by 10.44%, which is significantly above the average yearly change for used cars and trucks during the 1995-2016 time period. Compared to inflation for all items in 1995 (2.81%), inflation for used cars and trucks was much higher.
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $63,000,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1995 | $63,000,000,000.00 | 10.44% |
1996 | $63,235,409,803.83 | 0.37% |
1997 | $60,853,434,288.80 | -3.77% |
1998 | $60,645,901,961.75 | -0.34% |
1999 | $61,218,938,984.22 | 0.94% |
2000 | $62,721,225,232.31 | 2.45% |
2001 | $63,904,469,246.28 | 1.89% |
2002 | $61,197,256,502.29 | -4.24% |
2003 | $57,548,404,543.00 | -5.96% |
2004 | $53,685,825,261.81 | -6.71% |
2005 | $56,148,335,709.72 | 4.59% |
2006 | $56,371,355,523.87 | 0.40% |
2007 | $54,661,753,773.54 | -3.03% |
2008 | $53,938,735,926.05 | -1.32% |
2009 | $51,128,717,242.74 | -5.21% |
2010 | $57,634,050,346.62 | 12.72% |
2011 | $60,002,768,572.69 | 4.11% |
2012 | $60,534,144,254.88 | 0.89% |
2013 | $60,355,635,478.64 | -0.29% |
2014 | $60,036,283,494.76 | -0.53% |
2015 | $59,241,310,782.24 | -1.32% |
2016 | $57,779,106,150.74 | -2.47% |
2017 | $55,673,396,430.50 | -3.64% |
2018 | $55,724,133,438.22 | 0.09% |
2019 | $56,279,050,100.79 | 1.00% |
2020 | $58,074,235,704.80 | 3.19% |
2021 | $73,539,792,516.84 | 26.63% |
2022 | $82,913,996,755.00 | 12.75% |
2023 | $77,000,285,658.10 | -7.13% |
2024 | $72,522,646,639.46 | -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 |