According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks are 533.30% higher in 2024 versus 1962 (a $106.66 difference in value).
Between 1962 and 2024: Used cars and trucks experienced an average inflation rate of 3.02% per year. This rate of change indicates significant inflation. In other words, used cars and trucks costing $20 in the year 1962 would cost $126.66 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.84% during this same period, inflation for used cars and trucks was lower.
In the year 1962: Pricing changed by 9.11%, which is significantly above the average yearly change for used cars and trucks during the 1962-2024 time period. Compared to inflation for all items in 1962 (1.18%), inflation for used cars and trucks was much higher.
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $20 beginning in 1962. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1962 | $20.00 | 9.11% |
| 1963 | $20.24 | 1.22% |
| 1964 | $21.11 | 4.26% |
| 1965 | $20.98 | -0.59% |
| 1966 | $20.46 | -2.51% |
| 1967 | $21.11 | 3.18% |
| 1968 | $21.64 | 2.55% |
| 1969 | $21.76 | 0.52% |
| 1970 | $22.00 | 1.12% |
| 1971 | $23.26 | 5.72% |
| 1972 | $23.30 | 0.16% |
| 1973 | $24.80 | 6.44% |
| 1974 | $25.85 | 4.26% |
| 1975 | $30.90 | 19.52% |
| 1976 | $35.43 | 14.66% |
| 1977 | $38.57 | 8.86% |
| 1978 | $39.35 | 2.02% |
| 1979 | $42.42 | 7.81% |
| 1980 | $43.91 | 3.50% |
| 1981 | $54.20 | 23.43% |
| 1982 | $62.55 | 15.42% |
| 1983 | $69.56 | 11.20% |
| 1984 | $79.28 | 13.97% |
| 1985 | $80.12 | 1.06% |
| 1986 | $76.65 | -4.33% |
| 1987 | $79.69 | 3.96% |
| 1988 | $83.12 | 4.31% |
| 1989 | $84.86 | 2.09% |
| 1990 | $82.84 | -2.38% |
| 1991 | $83.23 | 0.47% |
| 1992 | $86.79 | 4.27% |
| 1993 | $94.34 | 8.70% |
| 1994 | $99.82 | 5.81% |
| 1995 | $110.24 | 10.44% |
| 1996 | $110.65 | 0.37% |
| 1997 | $106.48 | -3.77% |
| 1998 | $106.12 | -0.34% |
| 1999 | $107.12 | 0.94% |
| 2000 | $109.75 | 2.45% |
| 2001 | $111.82 | 1.89% |
| 2002 | $107.08 | -4.24% |
| 2003 | $100.70 | -5.96% |
| 2004 | $93.94 | -6.71% |
| 2005 | $98.25 | 4.59% |
| 2006 | $98.64 | 0.40% |
| 2007 | $95.65 | -3.03% |
| 2008 | $94.38 | -1.32% |
| 2009 | $89.47 | -5.21% |
| 2010 | $100.85 | 12.72% |
| 2011 | $104.99 | 4.11% |
| 2012 | $105.92 | 0.89% |
| 2013 | $105.61 | -0.29% |
| 2014 | $105.05 | -0.53% |
| 2015 | $103.66 | -1.32% |
| 2016 | $101.10 | -2.47% |
| 2017 | $97.42 | -3.64% |
| 2018 | $97.51 | 0.09% |
| 2019 | $98.48 | 1.00% |
| 2020 | $101.62 | 3.19% |
| 2021 | $128.68 | 26.63% |
| 2022 | $145.08 | 12.75% |
| 2023 | $134.74 | -7.13% |
| 2024 | $126.66 | -5.99%* |
* 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:
| Year | 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 | 28.400 | 26.731 | 22.738 | 21.477 | 20.685 | 23.154 | 24.008 | 26.808 | 25.054 | 26.015 | 28.385 | 28.731 | 29.954 | 29.777 | 29.031 | 29.954 | 30.717 | 30.877 | 31.223 | 33.008 | 33.062 | 35.192 | 36.692 | 43.854 | 50.285 | 54.738 | 55.846 | 60.208 | 62.315 | 76.915 | 88.777 | 98.723 | 112.515 | 113.708 | 108.785 | 113.092 | 117.969 | 120.431 | 117.569 | 118.123 | 123.169 | 133.885 | 141.662 | 156.454 | 157.038 | 151.123 | 150.608 | 152.031 | 155.762 | 158.700 | 151.977 | 142.915 | 133.323 | 139.438 | 139.992 | 135.747 | 133.951 | 126.973 | 143.128 | 149.011 | 150.330 | 149.887 | 149.094 | 147.120 | 143.488 | 138.259 | 138.385 | 139.763 | 144.221 | 182.628 | 205.908 | 191.222 | 179.760 |