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 2.10% 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.
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 |
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%* |