According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 17.51% higher in 2018 versus 2007.
Between 2007 and 2018: Car parts experienced an average inflation rate of 1.48% per year. In other words, car parts costing $500 in the year 2007 would cost $587.53 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.69% during this same period, inflation for car parts was lower.
In the year 2007: Pricing changed by 3.68%, above the average yearly change for car parts during the 2007-2018 time period. Compared to inflation for all items in 2007 (2.85%), price inflation for car parts was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: