According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 24.26% higher in 2019 versus 1984 (a $2,232.29 difference in value).
Between 1984 and 2019: Used cars and trucks experienced an average inflation rate of 0.62% per year. In other words, used cars and trucks costing $9,200 in the year 1984 would cost $11,432.29 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, 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 $9200 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1984 | $9,200.00 | - |
1985 | $9,298.13 | 1.07% |
1986 | $8,897.42 | -4.31% |
1987 | $9,249.07 | 3.95% |
1988 | $9,649.78 | 4.33% |
1989 | $9,848.77 | 2.06% |
1990 | $9,617.07 | -2.35% |
1991 | $9,660.68 | 0.45% |
1992 | $10,072.30 | 4.26% |
1993 | $10,950.04 | 8.71% |
1994 | $11,585.19 | 5.80% |
1995 | $12,795.50 | 10.45% |
1996 | $12,841.84 | 0.36% |
1997 | $12,356.62 | -3.78% |
1998 | $12,315.73 | -0.33% |
1999 | $12,432.95 | 0.95% |
2000 | $12,740.98 | 2.48% |
2001 | $12,978.13 | 1.86% |
2002 | $12,430.22 | -4.22% |
2003 | $11,688.77 | -5.96% |
2004 | $10,900.98 | -6.74% |
2005 | $11,402.55 | 4.60% |
2006 | $11,448.89 | 0.41% |
2007 | $11,101.06 | -3.04% |
2008 | $10,954.24 | -1.32% |
2009 | $10,383.54 | -5.21% |
2010 | $11,704.72 | 12.72% |
2011 | $12,185.76 | 4.11% |
2012 | $12,293.68 | 0.89% |
2013 | $12,257.40 | -0.30% |
2014 | $12,192.58 | -0.53% |
2015 | $12,031.12 | -1.32% |
2016 | $11,734.16 | -2.47% |
2017 | $11,306.51 | -3.64% |
2018 | $11,316.82 | 0.09% |
2019 | $11,432.29 | 1.02%* |