According to the U.S. Bureau of Labor Statistics, prices for new vehicles are 249.49% higher in 2024 versus 1964 (a $49,897.85 difference in value).
Between 1964 and 2024: Vehicles experienced an average inflation rate of 2.11% per year. This rate of change indicates significant inflation. In other words, vehicles costing $20,000 in the year 1964 would cost $69,897.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation for vehicles was lower.
In the year 1964: Pricing changed by -0.29%, which is below the average yearly change for vehicles during the 1964-2024 time period. Compared to inflation for all items in 1964 (1.28%), inflation for vehicles was lower.
Below are calculations of equivalent buying power for Vehicles, over time, for $20,000 beginning in 1964. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1964 | $20,000.00 | -0.29% |
| 1965 | $19,561.80 | -2.19% |
| 1966 | $19,208.22 | -1.81% |
| 1967 | $19,386.52 | 0.93% |
| 1968 | $19,915.38 | 2.73% |
| 1969 | $20,238.74 | 1.62% |
| 1970 | $20,873.38 | 3.14% |
| 1971 | $21,716.53 | 4.04% |
| 1972 | $21,526.14 | -0.88% |
| 1973 | $21,532.18 | 0.03% |
| 1974 | $22,780.30 | 5.80% |
| 1975 | $24,744.64 | 8.62% |
| 1976 | $26,310.06 | 6.33% |
| 1977 | $27,706.26 | 5.31% |
| 1978 | $29,818.68 | 7.62% |
| 1979 | $32,184.95 | 7.94% |
| 1980 | $34,756.72 | 7.99% |
| 1981 | $36,878.21 | 6.10% |
| 1982 | $38,295.56 | 3.84% |
| 1983 | $39,238.44 | 2.46% |
| 1984 | $40,320.34 | 2.76% |
| 1985 | $41,665.16 | 3.34% |
| 1986 | $43,451.19 | 4.29% |
| 1987 | $44,938.05 | 3.42% |
| 1988 | $45,775.16 | 1.86% |
| 1989 | $46,814.75 | 2.27% |
| 1990 | $47,694.17 | 1.88% |
| 1991 | $49,495.32 | 3.78% |
| 1992 | $50,761.56 | 2.56% |
| 1993 | $52,148.69 | 2.73% |
| 1994 | $54,052.58 | 3.65% |
| 1995 | $55,376.25 | 2.45% |
| 1996 | $56,443.03 | 1.93% |
| 1997 | $56,672.71 | 0.41% |
| 1998 | $56,352.37 | -0.57% |
| 1999 | $56,125.72 | -0.40% |
| 2000 | $56,083.41 | -0.08% |
| 2001 | $55,829.56 | -0.45% |
| 2002 | $55,001.51 | -1.48% |
| 2003 | $54,158.36 | -1.53% |
| 2004 | $53,847.08 | -0.57% |
| 2005 | $54,179.51 | 0.62% |
| 2006 | $54,052.58 | -0.23% |
| 2007 | $53,529.98 | -0.97% |
| 2008 | $52,720.40 | -1.51% |
| 2009 | $53,282.08 | 1.07% |
| 2010 | $54,217.92 | 1.76% |
| 2011 | $55,741.43 | 2.81% |
| 2012 | $56,664.16 | 1.66% |
| 2013 | $57,273.59 | 1.08% |
| 2014 | $57,466.70 | 0.34% |
| 2015 | $57,804.62 | 0.59% |
| 2016 | $57,892.05 | 0.15% |
| 2017 | $57,748.53 | -0.25% |
| 2018 | $57,471.35 | -0.48% |
| 2019 | $57,686.37 | 0.37% |
| 2020 | $57,987.40 | 0.52% |
| 2021 | $61,381.84 | 5.85% |
| 2022 | $67,761.92 | 10.39% |
| 2023 | $70,283.59 | 3.72% |
| 2024 | $69,897.85 | -0.55%* |
* 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 vehicles:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 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 |
| CPI | 20.300 | 20.400 | 20.800 | 21.800 | 21.300 | 21.400 | 23.000 | 23.000 | 23.000 | 23.000 | 23.000 | 23.000 | 34.500 | 37.580 | 41.000 | 41.220 | 43.360 | 46.940 | 47.254 | 46.508 | 44.877 | 46.138 | 48.546 | 50.108 | 52.246 | 51.569 | 51.562 | 51.362 | 51.054 | 50.908 | 49.792 | 48.892 | 49.346 | 50.692 | 51.515 | 53.131 | 55.277 | 54.792 | 54.808 | 57.985 | 62.985 | 66.969 | 70.523 | 75.900 | 81.923 | 88.469 | 93.869 | 97.477 | 99.877 | 102.631 | 106.054 | 110.600 | 114.385 | 116.515 | 119.162 | 121.400 | 125.985 | 129.208 | 132.738 | 137.585 | 140.954 | 143.669 | 144.254 | 143.438 | 142.862 | 142.754 | 142.108 | 140.000 | 137.854 | 137.062 | 137.908 | 137.585 | 136.254 | 134.194 | 135.623 | 138.005 | 141.883 | 144.232 | 145.783 | 146.275 | 147.135 | 147.358 | 146.992 | 146.287 | 146.834 | 147.600 | 156.240 | 172.480 | 178.899 | 177.917 |