Cars priced at $15,000 in 1989 $21,806.07 in 2024

Cars Inflation Calculator

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Prices for Cars, 1989-2024 ($15,000)

According to the U.S. Bureau of Labor Statistics, prices for new cars are 45.37% higher in 2024 versus 1989 (a $6,806.07 difference in value).

Between 1989 and 2024: Cars experienced an average inflation rate of 1.07% per year. In other words, cars costing $15,000 in the year 1989 would cost $21,806.07 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.66% during this same period, inflation for cars was lower.

In the year 1989: Pricing changed by 2.04%, which is above the average yearly change for cars during the 1989-2024 time period. Compared to inflation for all items in 1989 (4.83%), inflation for cars was lower.

Price Inflation for New cars since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1947 (49.78%), 2022 (11.07%), and 1948 (8.97%).

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Buying power of $15,000.00 since 1989

Below are calculations of equivalent buying power for Cars, over time, for $15,000 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$15,000.002.04%
1990$15,217.731.45%
1991$15,765.433.60%
1992$16,147.672.42%
1993$16,541.512.44%
1994$17,106.643.42%
1995$17,487.902.23%
1996$17,791.761.74%
1997$17,822.720.17%
1998$17,699.83-0.69%
1999$17,555.64-0.81%
2000$17,555.640.00% **
2001$17,476.29-0.45%
2002$17,270.18-1.18%
2003$16,943.10-1.89%
2004$16,849.24-0.55%
2005$17,010.840.96%
2006$17,161.800.89%
2007$17,091.59-0.41%
2008$17,033.18-0.34%
2009$17,194.690.95%
2010$17,372.031.03%
2011$17,891.792.99%
2012$18,137.331.37%
2013$18,231.120.52%
2014$18,173.96-0.31%
2015$18,164.72-0.05%
2016$18,075.99-0.49%
2017$17,946.27-0.72%
2018$17,859.33-0.48%
2019$17,964.020.59%
2020$18,109.320.81%
2021$19,116.015.56%
2022$21,232.6711.07%
2023$21,966.633.46%
2024$21,806.07-0.73%*

* 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:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI20.30020.40020.80021.80021.30021.30023.00023.00023.00023.00023.00023.00034.45037.54040.90041.12043.32046.90047.19246.45444.82346.06248.46950.03152.19251.50851.50051.30850.98550.87749.72348.80849.26250.65451.46953.03155.20854.73154.76257.93162.90066.88570.42375.80881.82388.36993.75497.36299.877102.754106.046110.615114.577116.854119.238120.969125.323128.362131.492135.985139.015141.431141.677140.700139.554139.554138.923137.285134.685133.938135.223136.423135.865135.401136.685138.094142.226144.178144.923144.469144.396143.690142.659141.968142.800143.955151.958168.783174.618173.341

Adjust cars prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1989 * 1989 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for New cars was 119.238 in the year 1989 and 173.341 in 2024:

173.341 / 119.238 * $15,000 = $21,806.07

Therefore, according to U.S. Bureau of Labor Statistics, $15,000 in 1989 has the same "purchasing power" as $21,806.07 in 2024 (in the CPI category of New cars).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New cars in 1935. In addition to cars, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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