According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 5% lower in 2019 versus 2015 (a $45 difference in value).
Between 2015 and 2019: Used cars and trucks experienced an average inflation rate of -1.27% per year. In other words, used cars and trucks costing $900 in the year 2015 would cost $855 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.91% during this same period, inflation for used cars and trucks was significantly lower.
In the year 2015: Pricing changed by -1.32%, which is below the average yearly change for used cars and trucks during the 2015-2019 time period. Compared to inflation for all items in 2015 (0.12%), 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 $900 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|