According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 4.72% higher in 2013 versus 2010 (a $0.05 difference in value).
Between 2010 and 2013: Used cars and trucks experienced an average inflation rate of 1.55% per year. In other words, used cars and trucks costing $1 in the year 2010 would cost $1.05 in 2013 for an equivalent purchase. Compared to the overall inflation rate of 2.23% during this same period, inflation for used cars and trucks was lower.
In the year 2010: Pricing changed by 12.72%, which is significantly above the average yearly change for used cars and trucks during the 2010-2013 time period. Compared to inflation for all items in 2010 (1.64%), inflation for used cars and trucks was much higher.
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 $1 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2010 | $1.00 | 12.72% |
2011 | $1.04 | 4.11% |
2012 | $1.05 | 0.89% |
2013 | $1.05 | -0.30% |
2014 | $1.04 | -0.53% |
2015 | $1.03 | -1.32% |
2016 | $1.00 | -2.47% |
2017 | $0.97 | -3.64% |
2018 | $0.97 | 0.09% |
2019 | $0.98 | 1.02%* |