According to the U.S. Bureau of Labor Statistics, prices for new and used motor vehicles were 5.90% higher in 2020 versus 2009 (a $1,180.38 difference in value).
Between 2009 and 2020: New and used vehicles experienced an average inflation rate of 0.52% per year. In other words, new and used vehicles costing $20,000 in the year 2009 would cost $21,180.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.69% during this same period, inflation for new and used vehicles was lower.
In the year 2009: Pricing changed by 0.22%, which is below the average yearly change for new and used vehicles during the 2009-2020 time period. Compared to inflation for all items in 2009 (-0.36%), inflation for new and used vehicles was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New and used motor vehicles:
| Year | 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 |
| CPI | 91.775 | 95.500 | 99.342 | 101.050 | 100.600 | 100.125 | 100.108 | 100.842 | 101.308 | 99.200 | 96.492 | 94.192 | 95.583 | 95.600 | 94.305 | 93.292 | 93.493 | 97.150 | 99.771 | 100.605 | 100.940 | 100.809 | 100.780 | 100.096 | 98.782 | 99.123 | 99.449 | 99.011 |
Below are calculations of equivalent buying power for New and used vehicles, over time, for $20000 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2009 | $20,000.00 | 0.22% |
| 2010 | $20,782.29 | 3.91% |
| 2011 | $21,342.99 | 2.70% |
| 2012 | $21,521.29 | 0.84% |
| 2013 | $21,593.04 | 0.33% |
| 2014 | $21,564.95 | -0.13% |
| 2015 | $21,558.76 | -0.03% |
| 2016 | $21,412.62 | -0.68% |
| 2017 | $21,131.44 | -1.31% |
| 2018 | $21,204.37 | 0.35% |
| 2019 | $21,274.09 | 0.33% |
| 2020 | $21,180.38 | -0.44%* |