According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and repair are 1,307.49% higher in 2024 versus 1965 (a $6,537.44 difference in value).
Between 1965 and 2024: Car maintenance experienced an average inflation rate of 4.58% per year. This rate of change indicates significant inflation. In other words, car maintenance costing $500 in the year 1965 would cost $7,037.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.97% during this same period, inflation for car maintenance was higher.
In the year 1965: Pricing changed by 2.01%, which is below the average yearly change for car maintenance during the 1965-2024 time period. Compared to inflation for all items in 1965 (1.59%), inflation for car maintenance was higher.
Below are calculations of equivalent buying power for Car maintenance, over time, for $500 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 | $500.00 | 2.01% |
1966 | $508.33 | 1.67% |
1967 | $527.64 | 3.80% |
1968 | $556.09 | 5.39% |
1969 | $592.01 | 6.46% |
1970 | $635.95 | 7.42% |
1971 | $681.62 | 7.18% |
1972 | $712.74 | 4.57% |
1973 | $750.27 | 5.27% |
1974 | $827.06 | 10.23% |
1975 | $931.62 | 12.64% |
1976 | $1,000.40 | 7.38% |
1977 | $1,074.79 | 7.44% |
1978 | $1,163.46 | 8.25% |
1979 | $1,279.91 | 10.01% |
1980 | $1,415.73 | 10.61% |
1981 | $1,549.01 | 9.41% |
1982 | $1,666.13 | 7.56% |
1983 | $1,740.79 | 4.48% |
1984 | $1,801.28 | 3.48% |
1985 | $1,853.90 | 2.92% |
1986 | $1,915.60 | 3.33% |
1987 | $1,992.52 | 4.02% |
1988 | $2,078.26 | 4.30% |
1989 | $2,168.00 | 4.32% |
1990 | $2,258.81 | 4.19% |
1991 | $2,360.84 | 4.52% |
1992 | $2,452.59 | 3.89% |
1993 | $2,532.18 | 3.25% |
1994 | $2,606.97 | 2.95% |
1995 | $2,673.88 | 2.57% |
1996 | $2,749.47 | 2.83% |
1997 | $2,825.19 | 2.75% |
1998 | $2,900.51 | 2.67% |
1999 | $2,983.71 | 2.87% |
2000 | $3,078.39 | 3.17% |
2001 | $3,186.03 | 3.50% |
2002 | $3,302.35 | 3.65% |
2003 | $3,395.70 | 2.83% |
2004 | $3,475.03 | 2.34% |
2005 | $3,592.28 | 3.37% |
2006 | $3,743.46 | 4.21% |
2007 | $3,870.88 | 3.40% |
2008 | $4,060.06 | 4.89% |
2009 | $4,224.60 | 4.05% |
2010 | $4,304.76 | 1.90% |
2011 | $4,394.08 | 2.08% |
2012 | $4,471.92 | 1.77% |
2013 | $4,542.38 | 1.58% |
2014 | $4,618.49 | 1.68% |
2015 | $4,699.94 | 1.76% |
2016 | $4,780.40 | 1.71% |
2017 | $4,875.46 | 1.99% |
2018 | $4,971.49 | 1.97% |
2019 | $5,138.89 | 3.37% |
2020 | $5,312.33 | 3.38% |
2021 | $5,519.88 | 3.91% |
2022 | $5,974.63 | 8.24% |
2023 | $6,663.69 | 11.53% |
2024 | $7,037.44 | 5.61%* |
* 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 Motor vehicle maintenance and repair:
Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 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 | 13.100 | 13.100 | 13.100 | 13.100 | 13.100 | 13.100 | 13.600 | 14.800 | 15.000 | 15.200 | 15.300 | 15.800 | 17.217 | 18.180 | 18.560 | 18.980 | 20.440 | 20.900 | 22.060 | 22.780 | 23.260 | 24.240 | 25.100 | 25.440 | 26.020 | 26.500 | 27.180 | 27.460 | 27.860 | 28.233 | 28.800 | 29.280 | 30.392 | 32.031 | 34.100 | 36.631 | 39.262 | 41.054 | 43.215 | 47.638 | 53.662 | 57.623 | 61.908 | 67.015 | 73.723 | 81.546 | 89.223 | 95.969 | 100.269 | 103.754 | 106.785 | 110.338 | 114.769 | 119.708 | 124.877 | 130.108 | 135.985 | 141.269 | 145.854 | 150.162 | 154.015 | 158.369 | 162.731 | 167.069 | 171.862 | 177.315 | 183.515 | 190.215 | 195.592 | 200.162 | 206.915 | 215.623 | 222.963 | 233.859 | 243.337 | 247.954 | 253.099 | 257.582 | 261.641 | 266.025 | 270.717 | 275.351 | 280.827 | 286.358 | 296.000 | 305.990 | 317.945 | 344.139 | 383.829 | 405.356 |