Used cars and trucks priced at $1 in 1959 $0.93 in 1960

Used Cars And Trucks Inflation Calculator

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Prices for Used Cars And Trucks, 1959-1960 ($1)

According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 6.54% lower in 1960 versus 1959 (a $0.07 difference in value).

Between 1959 and 1960: Used cars and trucks experienced an average inflation rate of -6.54% per year. This rate of change indicates significant deflation. In other words, used cars and trucks costing $1 in the year 1959 would cost $0.93 in 1960 for an equivalent purchase. Compared to the overall inflation rate of 1.48% during this same period, inflation for used cars and trucks was significantly lower.

In the year 1959: Pricing changed by 11.66%, which is significantly above the average yearly change for used cars and trucks during the 1959-1960 time period. Compared to inflation for all items in 1959 (0.99%), inflation for used cars and trucks was much higher.

Price Inflation for Used cars and trucks since 1952

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (26.63%), 1981 (23.43%), and 1975 (19.52%).

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Buying power of $1.00 since 1959

Below are calculations of equivalent buying power for Used cars and trucks, over time, for $1 beginning in 1959. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1959$1.0011.66%
1960$0.93-6.54%
1961$0.973.84%
1962$1.069.11%
1963$1.071.22%
1964$1.124.26%
1965$1.11-0.59%
1966$1.08-2.51%
1967$1.123.18%
1968$1.152.55%
1969$1.150.52%
1970$1.161.12%
1971$1.235.72%
1972$1.230.16%
1973$1.316.44%
1974$1.374.26%
1975$1.6419.52%
1976$1.8814.66%
1977$2.048.86%
1978$2.082.02%
1979$2.257.81%
1980$2.323.50%
1981$2.8723.43%
1982$3.3115.42%
1983$3.6811.20%
1984$4.2013.97%
1985$4.241.06%
1986$4.06-4.33%
1987$4.223.96%
1988$4.404.31%
1989$4.492.09%
1990$4.39-2.38%
1991$4.410.47%
1992$4.594.27%
1993$4.998.70%
1994$5.285.81%
1995$5.8410.44%
1996$5.860.37%
1997$5.64-3.77%
1998$5.62-0.34%
1999$5.670.94%
2000$5.812.45%
2001$5.921.89%
2002$5.67-4.24%
2003$5.33-5.96%
2004$4.97-6.71%
2005$5.204.59%
2006$5.220.40%
2007$5.06-3.03%
2008$5.00-1.32%
2009$4.74-5.21%
2010$5.3412.72%
2011$5.564.11%
2012$5.610.89%
2013$5.59-0.29%
2014$5.56-0.53%
2015$5.49-1.32%
2016$5.35-2.47%
2017$5.16-3.64%
2018$5.160.09%
2019$5.211.00%
2020$5.383.19%
2021$6.8126.63%
2022$7.6812.75%
2023$7.13-7.13%
2024$6.70-6.02%*

* 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 Used cars and trucks:

Year1952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI28.40026.73122.73821.47720.68523.15424.00826.80825.05426.01528.38528.73129.95429.77729.03129.95430.71730.87731.22333.00833.06235.19236.69243.85450.28554.73855.84660.20862.31576.91588.77798.723112.515113.708108.785113.092117.969120.431117.569118.123123.169133.885141.662156.454157.038151.123150.608152.031155.762158.700151.977142.915133.323139.438139.992135.747133.951126.973143.128149.011150.330149.887149.094147.120143.488138.259138.385139.763144.221182.628205.908191.222179.708

Adjust used cars and trucks prices for inflation

Start with the inflation rate formula:

CPI in 1960 / CPI in 1959 * 1959 USD value = 1960 USD value

Then plug in historical CPI values from above. The CPI for Used cars and trucks was 26.808 in the year 1959 and 25.054 in 1960:

25.054 / 26.808 * $1 = $0.93

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1959 has the same "purchasing power" as $0.93 in 1960 (in the CPI category of Used cars and trucks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Used cars and trucks in 1952. In addition to used cars and trucks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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