According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 10.27% lower in 2019 versus 2000 (a $2.05 difference in value).
Between 2000 and 2019: Used cars and trucks experienced an average inflation rate of -0.57% per year. In other words, used cars and trucks costing $20 in the year 2000 would cost $17.95 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for used cars and trucks was lower.
In the year 2000: Pricing changed by 2.48%, which is significantly above the average yearly change for used cars and trucks during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for used cars and trucks was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Used cars and trucks:
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 | 112.500 | 113.700 | 108.800 | 113.100 | 118.000 | 120.433 | 117.600 | 118.133 | 123.167 | 133.900 | 141.667 | 156.467 | 157.033 | 151.100 | 150.600 | 152.033 | 155.800 | 158.700 | 152.000 | 142.933 | 133.300 | 139.433 | 140.000 | 135.747 | 133.951 | 126.973 | 143.128 | 149.011 | 150.330 | 149.887 | 149.094 | 147.120 | 143.488 | 138.259 | 138.385 | 139.797 |
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $20 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 | $20.00 | 2.48% |
2001 | $20.37 | 1.86% |
2002 | $19.51 | -4.22% |
2003 | $18.35 | -5.96% |
2004 | $17.11 | -6.74% |
2005 | $17.90 | 4.60% |
2006 | $17.97 | 0.41% |
2007 | $17.43 | -3.04% |
2008 | $17.20 | -1.32% |
2009 | $16.30 | -5.21% |
2010 | $18.37 | 12.72% |
2011 | $19.13 | 4.11% |
2012 | $19.30 | 0.89% |
2013 | $19.24 | -0.30% |
2014 | $19.14 | -0.53% |
2015 | $18.89 | -1.32% |
2016 | $18.42 | -2.47% |
2017 | $17.75 | -3.64% |
2018 | $17.76 | 0.09% |
2019 | $17.95 | 1.02%* |