According to the U.S. Bureau of Labor Statistics, prices for new cars are 370.36% higher in 2026 versus 1948 (a $55,554.72 difference in value).
Between 1948 and 2026:Cars experienced an average inflation rate of 2% per year. This rate of change indicates significant inflation. In other words, cars costing $15,000 in the year 1948 would cost $70,554.72 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for cars was lower.
In the year 1948: Pricing changed by 8.32%, which is significantly above the average yearly change for cars during the 1948-2026 time period. Compared to inflation for all items in 1948 (7.69%), inflation for cars was higher.
Below are calculations of equivalent buying power for Cars, over time, for $15,000 beginning in 1948. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1948 | $15,000.00 | 8.32% |
| 1949 | $16,520.32 | 10.14% |
| 1950 | $16,703.16 | 1.11% |
| 1951 | $17,353.27 | 3.89% |
| 1952 | $18,924.38 | 9.05% |
| 1953 | $19,174.94 | 1.32% |
| 1954 | $18,873.59 | -1.57% |
| 1955 | $18,213.32 | -3.50% |
| 1956 | $18,714.45 | 2.75% |
| 1957 | $19,693.00 | 5.23% |
| 1958 | $20,329.57 | 3.23% |
| 1959 | $21,206.55 | 4.31% |
| 1960 | $20,928.89 | -1.31% |
| 1961 | $20,925.51 | -0.02% |
| 1962 | $20,847.63 | -0.37% |
| 1963 | $20,715.58 | -0.63% |
| 1964 | $20,671.56 | -0.21% |
| 1965 | $20,204.29 | -2.26% |
| 1966 | $19,831.83 | -1.84% |
| 1967 | $20,014.67 | 0.92% |
| 1968 | $20,580.14 | 2.83% |
| 1969 | $20,911.96 | 1.61% |
| 1970 | $21,548.53 | 3.04% |
| 1971 | $22,432.28 | 4.10% |
| 1972 | $22,239.28 | -0.86% |
| 1973 | $22,249.44 | 0.05% |
| 1974 | $23,539.50 | 5.80% |
| 1975 | $25,557.56 | 8.57% |
| 1976 | $27,176.07 | 6.33% |
| 1977 | $28,615.12 | 5.30% |
| 1978 | $30,802.48 | 7.64% |
| 1979 | $33,247.18 | 7.94% |
| 1980 | $35,905.19 | 7.99% |
| 1981 | $38,095.94 | 6.10% |
| 1982 | $39,558.69 | 3.84% |
| 1983 | $40,581.26 | 2.58% |
| 1984 | $41,749.44 | 2.88% |
| 1985 | $43,086.91 | 3.20% |
| 1986 | $44,945.82 | 4.31% |
| 1987 | $46,554.18 | 3.58% |
| 1988 | $47,478.56 | 1.99% |
| 1989 | $48,450.34 | 2.05% |
| 1990 | $49,151.24 | 1.45% |
| 1991 | $50,922.12 | 3.60% |
| 1992 | $52,154.63 | 2.42% |
| 1993 | $53,427.77 | 2.44% |
| 1994 | $55,252.82 | 3.42% |
| 1995 | $56,485.33 | 2.23% |
| 1996 | $57,467.27 | 1.74% |
| 1997 | $57,565.46 | 0.17% |
| 1998 | $57,169.30 | -0.69% |
| 1999 | $56,702.03 | -0.82% |
| 2000 | $56,702.03 | 0.00% ** |
| 2001 | $56,448.08 | -0.45% |
| 2002 | $55,781.04 | -1.18% |
| 2003 | $54,724.60 | -1.89% |
| 2004 | $54,423.25 | -0.55% |
| 2005 | $54,944.70 | 0.96% |
| 2006 | $55,432.28 | 0.89% |
| 2007 | $55,204.74 | -0.41% |
| 2008 | $55,016.07 | -0.34% |
| 2009 | $55,537.72 | 0.95% |
| 2010 | $56,110.56 | 1.03% |
| 2011 | $57,789.35 | 2.99% |
| 2012 | $58,582.42 | 1.37% |
| 2013 | $58,885.36 | 0.52% |
| 2014 | $58,700.72 | -0.31% |
| 2015 | $58,670.86 | -0.05% |
| 2016 | $58,384.30 | -0.49% |
| 2017 | $57,965.32 | -0.72% |
| 2018 | $57,684.48 | -0.48% |
| 2019 | $58,022.64 | 0.59% |
| 2020 | $58,491.94 | 0.81% |
| 2021 | $61,743.45 | 5.56% |
| 2022 | $68,580.17 | 11.07% |
| 2023 | $70,950.81 | 3.46% |
| 2024 | $70,111.69 | -1.18% |
| 2025 | $70,503.08 | 0.56% |
| 2026 | $70,554.72 | 0.07%* |
* 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 New cars:
| Year | 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 | 2025 | 2026 |
| CPI | 34.080 | 36.917 | 40.658 | 41.108 | 42.708 | 46.575 | 47.192 | 46.450 | 44.825 | 46.058 | 48.467 | 50.033 | 52.192 | 51.508 | 51.500 | 51.308 | 50.983 | 50.875 | 49.725 | 48.808 | 49.258 | 50.650 | 51.467 | 53.033 | 55.208 | 54.733 | 54.758 | 57.933 | 62.900 | 66.883 | 70.425 | 75.808 | 81.825 | 88.367 | 93.758 | 97.358 | 99.875 | 102.750 | 106.042 | 110.617 | 114.575 | 116.850 | 119.242 | 120.967 | 125.325 | 128.358 | 131.492 | 135.983 | 139.017 | 141.433 | 141.675 | 140.700 | 139.550 | 139.550 | 138.925 | 137.283 | 134.683 | 133.942 | 135.225 | 136.425 | 135.865 | 135.401 | 136.684 | 138.094 | 142.226 | 144.178 | 144.923 | 144.469 | 144.395 | 143.690 | 142.659 | 141.968 | 142.800 | 143.955 | 151.958 | 168.783 | 174.618 | 172.553 | 173.516 | 173.643 |