According to the U.S. Bureau of Labor Statistics, prices for new cars and trucks were 1.71% higher in 2020 versus 2012 (a $341.72 difference in value).
Between 2012 and 2020: New cars and trucks experienced an average inflation rate of 0.21% per year. In other words, new cars and trucks costing $20,000 in the year 2012 would cost $20,341.72 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for new cars and trucks was lower.
In the year 2012: Pricing changed by 1.64%, which is above the average yearly change for new cars and trucks during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for new cars and trucks was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New cars and trucks:
Below are calculations of equivalent buying power for New cars and trucks, over time, for $20000 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|