According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 1.35% lower in 2018 versus 2014.
Between 2014 and 2018: Car parts experienced an average inflation rate of -0.34% per year. In other words, car parts costing $500 in the year 2014 would cost $493.25 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.30% during this same period, inflation for car parts was lower.
In the year 2014: Pricing changed by -1.09%, below the average yearly change for car parts during the 2014-2018 time period. Compared to inflation for all items in 2014 (1.62%), price inflation for car parts was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: