New cars and trucks priced at $20,000 in 2000 $20,473.09 in 2018

Historical Price Inflation for New cars and trucks

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Prices for New Cars And Trucks, 2000-2018 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for new cars and trucks were 2.37% higher in 2018 versus 2000 (a $473.09 difference in value).

Between 2000 and 2018: New cars and trucks experienced an average inflation rate of 0.13% per year. In other words, new cars and trucks costing $20,000 in the year 2000 would cost $20,473.09 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for new cars and trucks was lower.

In the year 2000: Pricing changed by -0.09%, which is below the average yearly change for new cars and trucks during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for new cars and trucks was much lower.

Price Inflation for New cars and trucks since 1998

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2011 (2.84%), 2010 (1.77%), and 2012 (1.64%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New cars and trucks:

Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 99.558 99.117 99.025 98.617 97.133 95.642 95.050 95.567 95.358 94.424 93.008 93.985 95.645 98.360 99.971 101.053 101.385 102.005 102.126 101.857 101.367

View price changes for other categories
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Buying power of $20000 since 2000

Below are calculations of equivalent buying power for New cars and trucks, 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 -0.09%
2001 $19,917.53 -0.41%
2002 $19,617.94 -1.50%
2003 $19,316.67 -1.54%
2004 $19,197.17 -0.62%
2005 $19,301.52 0.54%
2006 $19,259.45 -0.22%
2007 $19,070.81 -0.98%
2008 $18,784.72 -1.50%
2009 $18,982.08 1.05%
2010 $19,317.31 1.77%
2011 $19,865.69 2.84%
2012 $20,191.05 1.64%
2013 $20,409.61 1.08%
2014 $20,476.73 0.33%
2015 $20,601.97 0.61%
2016 $20,626.24 0.12%
2017 $20,571.94 -0.26%
2018 $20,473.09 -0.48%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for new cars and trucks, 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 cars and trucks was 99.025 in the year 2000 and 101.367 in 2018:

101.367 / 99.025 * $20,000 = $20,473.09

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2000 has the same "purchasing power" as $20,473.09 in 2018 (in the CPI category of New cars and trucks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New cars and trucks in 1998. In addition to new cars and trucks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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