New and used vehicles priced at $20,000 in 2000 $19,663.75 in 2018

Historical Price Inflation for New and used vehicles

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Prices for New And Used Vehicles, 2000-2018 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for new and used motor vehicles were 1.68% lower in 2018 versus 2000 (a $336.25 difference in value).

Between 2000 and 2018: New and used vehicles experienced an average inflation rate of -0.09% per year. In other words, new and used vehicles costing $20,000 in the year 2000 would cost $19,663.75 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for new and used vehicles was lower.

In the year 2000: Pricing changed by 0.71%, which is above the average yearly change for new and used vehicles during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for new and used vehicles was lower.

Price Inflation for New and used motor vehicles since 1993

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1994 (4.06%), 1995 (4.03%), and 2010 (3.92%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New and used motor vehicles:

Year 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
CPI 91.800 95.531 99.385 100.992 100.538 100.123 100.108 100.823 101.308 99.208 96.469 94.192 95.592 95.600 94.303 93.291 93.486 97.149 99.770 100.604 100.931 100.796 100.754 100.209 98.878 99.128

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Buying power of $20000 since 2000

Below are calculations of equivalent buying power for New and used vehicles, over time, for $20000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20,000.00 0.71%
2001 $20,096.13 0.48%
2002 $19,679.56 -2.07%
2003 $19,136.34 -2.76%
2004 $18,684.67 -2.36%
2005 $18,962.39 1.49%
2006 $18,963.91 0.01%
2007 $18,706.66 -1.36%
2008 $18,505.94 -1.07%
2009 $18,544.63 0.21%
2010 $19,271.23 3.92%
2011 $19,791.06 2.70%
2012 $19,956.50 0.84%
2013 $20,021.33 0.32%
2014 $19,994.54 -0.13%
2015 $19,986.21 -0.04%
2016 $19,878.22 -0.54%
2017 $19,614.18 -1.33%
2018 $19,663.75 0.25%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for new and used vehicles, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for New and used motor vehicles was 100.823 in the year 2000 and 99.128 in 2018:

99.128 / 100.823 * $20,000 = $19,663.75

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2000 has the same "purchasing power" as $19,663.75 in 2018 (in the CPI category of New and used motor vehicles).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New and used motor vehicles in 1993. In addition to new and used vehicles, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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