According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 322.78% higher in 2019 versus 1972 (a $2,808,161.31 difference in value).
Between 1972 and 2019: Used cars and trucks experienced an average inflation rate of 3.11% per year. This rate of change indicates significant inflation. In other words, used cars and trucks costing $870,000 in the year 1972 would cost $3,678,161.31 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation for used cars and trucks was lower.
In the year 1972: Pricing changed by 0.15%, which is below the average yearly change for used cars and trucks during the 1972-2019 time period. Compared to inflation for all items in 1972 (3.27%), inflation for used cars and trucks was much lower.
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $870,000 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1972 | $870,000.00 | 0.15% |
| 1973 | $926,143.18 | 6.45% |
| 1974 | $965,618.86 | 4.26% |
| 1975 | $1,154,224.86 | 19.53% |
| 1976 | $1,323,312.33 | 14.65% |
| 1977 | $1,440,642.80 | 8.87% |
| 1978 | $1,469,810.94 | 2.02% |
| 1979 | $1,584,509.71 | 7.80% |
| 1980 | $1,639,994.96 | 3.50% |
| 1981 | $2,024,224.86 | 23.43% |
| 1982 | $2,336,301.99 | 15.42% |
| 1983 | $2,598,157.30 | 11.21% |
| 1984 | $2,961,114.19 | 13.97% |
| 1985 | $2,992,475.42 | 1.06% |
| 1986 | $2,862,863.62 | -4.33% |
| 1987 | $2,976,246.53 | 3.96% |
| 1988 | $3,104,542.48 | 4.31% |
| 1989 | $3,169,458.03 | 2.09% |
| 1990 | $3,094,015.63 | -2.38% |
| 1991 | $3,108,709.35 | 0.47% |
| 1992 | $3,241,391.48 | 4.27% |
| 1993 | $3,523,423.24 | 8.70% |
| 1994 | $3,728,038.82 | 5.81% |
| 1995 | $4,117,312.83 | 10.44% |
| 1996 | $4,132,883.79 | 0.38% |
| 1997 | $3,977,174.19 | -3.77% |
| 1998 | $3,963,577.01 | -0.34% |
| 1999 | $4,001,078.90 | 0.95% |
| 2000 | $4,099,110.16 | 2.45% |
| 2001 | $4,176,526.34 | 1.89% |
| 2002 | $3,999,543.74 | -4.24% |
| 2003 | $3,761,154.52 | -5.96% |
| 2004 | $3,508,729.52 | -6.71% |
| 2005 | $3,669,702.55 | 4.59% |
| 2006 | $3,684,176.96 | 0.39% |
| 2007 | $3,572,460.80 | -3.03% |
| 2008 | $3,525,208.42 | -1.32% |
| 2009 | $3,341,556.62 | -5.21% |
| 2010 | $3,766,718.40 | 12.72% |
| 2011 | $3,921,526.64 | 4.11% |
| 2012 | $3,956,256.47 | 0.89% |
| 2013 | $3,944,589.21 | -0.29% |
| 2014 | $3,923,717.54 | -0.53% |
| 2015 | $3,871,760.98 | -1.32% |
| 2016 | $3,776,199.14 | -2.47% |
| 2017 | $3,638,578.17 | -3.64% |
| 2018 | $3,641,894.13 | 0.09% |
| 2019 | $3,678,161.31 | 1.00% |
| 2020 | $3,795,487.40 | 3.19% |
| 2021 | $4,806,251.07 | 26.63% |
| 2022 | $5,418,909.15 | 12.75% |
| 2023 | $5,032,413.79 | -7.13% |
| 2024 | $4,732,420.59 | -5.96% |
| 2025 | $4,870,836.46 | 2.92% |
| 2026 | $4,904,642.00 | 0.69%* |
* 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 | 2025 | 2026 |
| CPI | 28.400 | 26.733 | 22.742 | 21.475 | 20.683 | 23.150 | 24.008 | 26.808 | 25.058 | 26.017 | 28.383 | 28.733 | 29.950 | 29.775 | 29.033 | 29.958 | 30.900 | 30.875 | 31.225 | 33.008 | 33.058 | 35.192 | 36.692 | 43.858 | 50.283 | 54.742 | 55.850 | 60.208 | 62.317 | 76.917 | 88.775 | 98.725 | 112.517 | 113.708 | 108.783 | 113.092 | 117.967 | 120.433 | 117.567 | 118.125 | 123.167 | 133.883 | 141.658 | 156.450 | 157.042 | 151.125 | 150.608 | 152.033 | 155.758 | 158.700 | 151.975 | 142.917 | 133.325 | 139.442 | 139.992 | 135.747 | 133.951 | 126.973 | 143.128 | 149.011 | 150.330 | 149.887 | 149.094 | 147.119 | 143.488 | 138.259 | 138.385 | 139.763 | 144.221 | 182.628 | 205.908 | 191.222 | 179.823 | 185.082 | 186.367 |