New and used vehicles price history from 2000 through 2019

Historical Price Inflation for New and used vehicles

Prices for New And Used Vehicles, 2000-2019 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for new and used motor vehicles were 1.41% lower in 2019 versus 2000 (a $281.05 difference in value).

Between 2000 and 2019: New and used vehicles experienced an average inflation rate of -0.07% per year. In other words, new and used vehicles costing $20,000 in the year 2000 would cost $19,718.95 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for new and used vehicles was lower.

In the year 2000: Pricing changed by 0.73%, which is above the average yearly change for new and used vehicles during the 2000-2019 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 (4.02%), and 2010 (3.91%).

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	2019
CPI	91.775	95.500	99.342	101.050	100.600	100.125	100.108	100.842	101.308	99.200	96.492	94.192	95.583	95.600	94.305	93.292	93.493	97.150	99.771	100.605	100.940	100.809	100.764	100.222	98.888	99.143	99.425

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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	0.73%
2001	$20,092.55	0.46%
2002	$19,674.41	-2.08%
2003	$19,137.26	-2.73%
2004	$18,681.10	-2.38%
2005	$18,957.11	1.48%
2006	$18,960.42	0.02%
2007	$18,703.58	-1.35%
2008	$18,502.62	-1.07%
2009	$18,542.53	0.22%
2010	$19,267.81	3.91%
2011	$19,787.65	2.70%
2012	$19,952.96	0.84%
2013	$20,019.49	0.33%
2014	$19,993.44	-0.13%
2015	$19,984.56	-0.04%
2016	$19,877.15	-0.54%
2017	$19,612.58	-1.33%
2018	$19,663.18	0.26%
2019	$19,718.95	0.28%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for new and used vehicles, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for New and used motor vehicles was 100.842 in the year 2000 and 99.425 in 2019:

99.425 / 100.842 * $20,000 = $19,718.95

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2000 has the same "purchasing power" as $19,718.95 in 2019 (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.