According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 27.55% higher in 2016 versus 1984 (a $123,953.33 difference in value).
Between 1984 and 2016: Used cars and trucks experienced an average inflation rate of 0.76% per year. In other words, used cars and trucks costing $450,000 in the year 1984 would cost $573,953.33 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 2.65% 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 $450000 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 | $450,000.00 | - |
| 1985 | $454,800.00 | 1.07% |
| 1986 | $435,200.00 | -4.31% |
| 1987 | $452,400.00 | 3.95% |
| 1988 | $472,000.00 | 4.33% |
| 1989 | $481,733.33 | 2.06% |
| 1990 | $470,400.00 | -2.35% |
| 1991 | $472,533.33 | 0.45% |
| 1992 | $492,666.67 | 4.26% |
| 1993 | $535,600.00 | 8.71% |
| 1994 | $566,666.67 | 5.80% |
| 1995 | $625,866.67 | 10.45% |
| 1996 | $628,133.33 | 0.36% |
| 1997 | $604,400.00 | -3.78% |
| 1998 | $602,400.00 | -0.33% |
| 1999 | $608,133.33 | 0.95% |
| 2000 | $623,200.00 | 2.48% |
| 2001 | $634,800.00 | 1.86% |
| 2002 | $608,000.00 | -4.22% |
| 2003 | $571,733.33 | -5.96% |
| 2004 | $533,200.00 | -6.74% |
| 2005 | $557,733.33 | 4.60% |
| 2006 | $560,000.00 | 0.41% |
| 2007 | $542,986.67 | -3.04% |
| 2008 | $535,805.33 | -1.32% |
| 2009 | $507,890.67 | -5.21% |
| 2010 | $572,513.33 | 12.72% |
| 2011 | $596,042.67 | 4.11% |
| 2012 | $601,321.33 | 0.89% |
| 2013 | $599,546.67 | -0.30% |
| 2014 | $596,376.00 | -0.53% |
| 2015 | $588,478.67 | -1.32% |
| 2016 | $573,953.33 | -2.47% |
| 2017 | $553,036.00 | -3.64% |
| 2018 | $553,540.00 | 0.09% |
| 2019 | $559,188.00 | 1.02%* |