According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and repair were 1,098.31% higher in 2023 versus 1968 (a $5,491.56 difference in value).
Between 1968 and 2023: Car maintenance experienced an average inflation rate of 4.62% per year. This rate of change indicates significant inflation. In other words, car maintenance costing $500 in the year 1968 would cost $5,991.56 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 4.02% during this same period, inflation for car maintenance was higher.
In the year 1968: Pricing changed by 5.39%, which is above the average yearly change for car maintenance during the 1968-2023 time period. Compared to inflation for all items in 1968 (4.27%), inflation for car maintenance was higher.
Below are calculations of equivalent buying power for Car maintenance, over time, for $500 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1968 | $500.00 | 5.39% |
| 1969 | $532.30 | 6.46% |
| 1970 | $571.81 | 7.42% |
| 1971 | $612.87 | 7.18% |
| 1972 | $640.85 | 4.57% |
| 1973 | $674.59 | 5.27% |
| 1974 | $743.64 | 10.23% |
| 1975 | $837.66 | 12.64% |
| 1976 | $899.50 | 7.38% |
| 1977 | $966.38 | 7.44% |
| 1978 | $1,046.11 | 8.25% |
| 1979 | $1,150.82 | 10.01% |
| 1980 | $1,272.93 | 10.61% |
| 1981 | $1,392.77 | 9.41% |
| 1982 | $1,498.08 | 7.56% |
| 1983 | $1,565.20 | 4.48% |
| 1984 | $1,619.60 | 3.48% |
| 1985 | $1,666.91 | 2.92% |
| 1986 | $1,722.38 | 3.33% |
| 1987 | $1,791.55 | 4.02% |
| 1988 | $1,868.64 | 4.30% |
| 1989 | $1,949.33 | 4.32% |
| 1990 | $2,030.98 | 4.19% |
| 1991 | $2,122.72 | 4.52% |
| 1992 | $2,205.21 | 3.89% |
| 1993 | $2,276.78 | 3.25% |
| 1994 | $2,344.02 | 2.95% |
| 1995 | $2,404.18 | 2.57% |
| 1996 | $2,472.14 | 2.83% |
| 1997 | $2,540.23 | 2.75% |
| 1998 | $2,607.95 | 2.67% |
| 1999 | $2,682.76 | 2.87% |
| 2000 | $2,767.89 | 3.17% |
| 2001 | $2,864.67 | 3.50% |
| 2002 | $2,969.26 | 3.65% |
| 2003 | $3,053.19 | 2.83% |
| 2004 | $3,124.52 | 2.34% |
| 2005 | $3,229.95 | 3.37% |
| 2006 | $3,365.87 | 4.21% |
| 2007 | $3,480.44 | 3.40% |
| 2008 | $3,650.54 | 4.89% |
| 2009 | $3,798.49 | 4.05% |
| 2010 | $3,870.56 | 1.90% |
| 2011 | $3,950.88 | 2.08% |
| 2012 | $4,020.86 | 1.77% |
| 2013 | $4,084.22 | 1.58% |
| 2014 | $4,152.65 | 1.68% |
| 2015 | $4,225.88 | 1.76% |
| 2016 | $4,298.23 | 1.71% |
| 2017 | $4,383.70 | 1.99% |
| 2018 | $4,470.04 | 1.97% |
| 2019 | $4,620.56 | 3.37% |
| 2020 | $4,776.50 | 3.38% |
| 2021 | $4,963.12 | 3.91% |
| 2022 | $5,372.00 | 8.24% |
| 2023 | $5,991.56 | 11.53% |
| 2024 | $6,280.96 | 4.83%* |
* 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 Motor vehicle maintenance and repair:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 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 | 13.100 | 13.100 | 13.100 | 13.100 | 13.100 | 13.100 | 13.600 | 14.800 | 15.000 | 15.200 | 15.300 | 15.800 | 17.217 | 18.180 | 18.560 | 18.980 | 20.440 | 20.900 | 22.060 | 22.780 | 23.260 | 24.240 | 25.100 | 25.440 | 26.020 | 26.500 | 27.180 | 27.460 | 27.860 | 28.233 | 28.800 | 29.280 | 30.392 | 32.031 | 34.100 | 36.631 | 39.262 | 41.054 | 43.215 | 47.638 | 53.662 | 57.623 | 61.908 | 67.015 | 73.723 | 81.546 | 89.223 | 95.969 | 100.269 | 103.754 | 106.785 | 110.338 | 114.769 | 119.708 | 124.877 | 130.108 | 135.985 | 141.269 | 145.854 | 150.162 | 154.015 | 158.369 | 162.731 | 167.069 | 171.862 | 177.315 | 183.515 | 190.215 | 195.592 | 200.162 | 206.915 | 215.623 | 222.963 | 233.859 | 243.337 | 247.954 | 253.099 | 257.582 | 261.641 | 266.025 | 270.717 | 275.351 | 280.827 | 286.358 | 296.000 | 305.990 | 317.945 | 344.139 | 383.829 | 402.368 |