According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 7.03% lower in 2018 versus 2011 (a $1.41 difference in value).
Between 2011 and 2018: Used cars and trucks experienced an average inflation rate of -1.04% per year. In other words, used cars and trucks costing $20 in the year 2011 would cost $18.59 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.55% during this same period, inflation for used cars and trucks was lower.
In the year 2011: Pricing changed by 4.11%, which is significantly above the average yearly change for used cars and trucks during the 2011-2018 time period. Compared to inflation for all items in 2011 (3.16%), inflation for used cars and trucks was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Used cars and trucks:
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|