According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 8.10% lower in 2020 versus 2012 (a $1.62 difference in value).
Between 2012 and 2020: Used cars and trucks experienced an average inflation rate of -1.05% per year. In other words, used cars and trucks costing $20 in the year 2012 would cost $18.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for used cars and trucks was lower.
In the year 2012: Pricing changed by 0.89%, which is above the average yearly change for used cars and trucks during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), 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:
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|