According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 10.97% higher in 2018 versus 2008.
Between 2008 and 2018: Car parts experienced an average inflation rate of 1.05% per year. In other words, car parts costing $500 in the year 2008 would cost $554.84 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for car parts was lower.
In the year 2008: Pricing changed by 5.89%, significantly above the average yearly change for car parts during the 2008-2018 time period. Compared to inflation for all items in 2008 (3.84%), 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: