Vehicles price history from 2000 through 2019

Historical Price Inflation for Vehicles

Prices for Vehicles, 2000-2019 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 3.31% higher in 2019 versus 2000 (a $662.81 difference in value).

Between 2000 and 2019: Vehicles experienced an average inflation rate of 0.17% per year. In other words, vehicles costing $20,000 in the year 2000 would cost $20,662.81 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for vehicles was lower.

In the year 2000: Pricing changed by -0.07%, which is below the average yearly change for vehicles during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for vehicles was much lower.

Price Inflation for New vehicles since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1986 (4.27%), 1991 (3.79%), and 1994 (3.67%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New vehicles:

Year	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
CPI	102.633	106.067	110.600	114.367	116.500	119.200	121.400	126.000	129.200	132.733	137.600	140.967	143.700	144.267	143.433	142.867	142.767	142.133	140.000	137.867	137.067	137.933	137.600	136.254	134.194	135.623	138.005	141.883	144.232	145.783	146.275	147.135	147.358	146.992	146.287	147.498

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Buying power of $20000 since 2000

Below are calculations of equivalent buying power for Vehicles, over time, for $20000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2000	$20,000.00	-0.07%
2001	$19,911.28	-0.44%
2002	$19,612.42	-1.50%
2003	$19,313.57	-1.52%
2004	$19,201.49	-0.58%
2005	$19,322.90	0.63%
2006	$19,276.21	-0.24%
2007	$19,087.70	-0.98%
2008	$18,799.02	-1.51%
2009	$18,999.30	1.07%
2010	$19,332.99	1.76%
2011	$19,876.25	2.81%
2012	$20,205.28	1.66%
2013	$20,422.60	1.08%
2014	$20,491.48	0.34%
2015	$20,611.95	0.59%
2016	$20,643.19	0.15%
2017	$20,591.97	-0.25%
2018	$20,493.11	-0.48%
2019	$20,662.81	0.83%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for vehicles, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for New vehicles was 142.767 in the year 2000 and 147.498 in 2019:

147.498 / 142.767 * $20,000 = $20,662.81

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2000 has the same "purchasing power" as $20,662.81 in 2019 (in the CPI category of New vehicles).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New vehicles in 1984. In addition to vehicles, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.