According to the U.S. Bureau of Labor Statistics, prices for new cars and trucks were 0.11% lower in 2020 versus 2017 (a $22.99 difference in value).
Between 2017 and 2020: New cars and trucks experienced an average inflation rate of -0.04% per year. In other words, new cars and trucks costing $20,000 in the year 2017 would cost $19,977.01 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.76% during this same period, inflation for new cars and trucks was lower.
In the year 2017: Pricing changed by -0.26%, which is below the average yearly change for new cars and trucks during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|