According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 586.14% higher in 2019 versus 1940 (a $2,358,350,158.61 difference in value).
Between 1940 and 2019: Vehicles experienced an average inflation rate of 2.47% per year. This rate of change indicates significant inflation. In other words, vehicles costing $402,352,579 in the year 1940 would cost $2,760,702,737.61 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 3.74% during this same period, inflation for vehicles was lower.
In the year 1940: Pricing changed by 0.47%, which is below the average yearly change for vehicles during the 1940-2019 time period. Compared to inflation for all items in 1940 (0.72%), inflation for vehicles was lower.
Below are calculations of equivalent buying power for Vehicles, over time, for $402,352,579 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $402,352,579.00 | 0.47% |
1941 | $432,435,014.81 | 7.48% |
1942 | $432,435,014.81 | 0.00% ** |
1943 | $432,435,014.81 | 0.00% ** |
1944 | $432,435,014.81 | 0.00% ** |
1945 | $432,435,014.81 | 0.00% ** |
1946 | $432,435,014.81 | 0.00% ** |
1947 | $648,652,522.22 | 50.00% |
1948 | $706,561,211.16 | 8.93% |
1949 | $770,862,417.71 | 9.10% |
1950 | $774,998,752.63 | 0.54% |
1951 | $815,234,010.53 | 5.19% |
1952 | $882,543,460.67 | 8.26% |
1953 | $888,444,246.15 | 0.67% |
1954 | $874,415,417.91 | -1.58% |
1955 | $843,754,473.72 | -3.51% |
1956 | $867,473,317.34 | 2.81% |
1957 | $912,741,598.16 | 5.22% |
1958 | $942,100,898.49 | 3.22% |
1959 | $982,307,230.97 | 4.27% |
1960 | $969,580,046.59 | -1.30% |
1961 | $969,435,419.50 | -0.01% |
1962 | $965,675,115.02 | -0.39% |
1963 | $959,890,031.21 | -0.60% |
1964 | $957,142,116.40 | -0.29% |
1965 | $936,171,187.59 | -2.19% |
1966 | $919,249,817.44 | -1.81% |
1967 | $927,782,816.06 | 0.93% |
1968 | $953,092,557.73 | 2.73% |
1969 | $968,567,656.92 | 1.62% |
1970 | $998,939,346.93 | 3.14% |
1971 | $1,039,290,306.50 | 4.04% |
1972 | $1,030,178,799.50 | -0.88% |
1973 | $1,030,468,053.69 | 0.03% |
1974 | $1,090,199,044.03 | 5.80% |
1975 | $1,184,206,655.95 | 8.62% |
1976 | $1,259,123,491.29 | 6.33% |
1977 | $1,325,941,209.30 | 5.31% |
1978 | $1,427,035,548.88 | 7.62% |
1979 | $1,540,278,564.47 | 7.94% |
1980 | $1,663,356,222.53 | 7.99% |
1981 | $1,764,884,443.40 | 6.10% |
1982 | $1,832,714,551.07 | 3.84% |
1983 | $1,877,838,204.79 | 2.46% |
1984 | $1,929,614,704.90 | 2.76% |
1985 | $1,993,973,762.28 | 3.34% |
1986 | $2,079,448,375.58 | 4.29% |
1987 | $2,150,604,906.45 | 3.42% |
1988 | $2,190,666,611.83 | 1.86% |
1989 | $2,240,418,332.60 | 2.27% |
1990 | $2,282,504,817.32 | 1.88% |
1991 | $2,368,702,566.09 | 3.78% |
1992 | $2,429,301,319.00 | 2.56% |
1993 | $2,495,685,155.72 | 2.73% |
1994 | $2,586,800,225.73 | 3.65% |
1995 | $2,650,146,893.46 | 2.45% |
1996 | $2,701,200,258.08 | 1.93% |
1997 | $2,712,191,917.32 | 0.41% |
1998 | $2,696,861,445.22 | -0.57% |
1999 | $2,686,014,413.08 | -0.40% |
2000 | $2,683,989,633.75 | -0.08% |
2001 | $2,671,840,957.74 | -0.45% |
2002 | $2,632,213,133.64 | -1.48% |
2003 | $2,591,862,174.07 | -1.53% |
2004 | $2,576,965,583.26 | -0.57% |
2005 | $2,592,874,563.74 | 0.62% |
2006 | $2,586,800,225.73 | -0.23% |
2007 | $2,561,789,862.15 | -0.97% |
2008 | $2,523,045,709.60 | -1.51% |
2009 | $2,549,926,101.53 | 1.07% |
2010 | $2,594,712,774.12 | 1.76% |
2011 | $2,667,623,631.65 | 2.81% |
2012 | $2,711,782,622.64 | 1.66% |
2013 | $2,740,948,122.67 | 1.08% |
2014 | $2,750,189,794.06 | 0.34% |
2015 | $2,766,361,995.85 | 0.59% |
2016 | $2,770,546,057.71 | 0.15% |
2017 | $2,763,677,716.96 | -0.25% |
2018 | $2,750,412,519.78 | -0.48% |
2019 | $2,760,702,737.61 | 0.37% |
2020 | $2,775,109,042.57 | 0.52% |
2021 | $2,937,557,088.50 | 5.85% |
2022 | $3,242,889,473.19 | 10.39% |
2023 | $3,363,569,214.02 | 3.72% |
2024 | $3,357,829,687.74 | -0.17%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New vehicles:
Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 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 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 20.300 | 20.400 | 20.800 | 21.800 | 21.300 | 21.400 | 23.000 | 23.000 | 23.000 | 23.000 | 23.000 | 23.000 | 34.500 | 37.580 | 41.000 | 41.220 | 43.360 | 46.940 | 47.254 | 46.508 | 44.877 | 46.138 | 48.546 | 50.108 | 52.246 | 51.569 | 51.562 | 51.362 | 51.054 | 50.908 | 49.792 | 48.892 | 49.346 | 50.692 | 51.515 | 53.131 | 55.277 | 54.792 | 54.808 | 57.985 | 62.985 | 66.969 | 70.523 | 75.900 | 81.923 | 88.469 | 93.869 | 97.477 | 99.877 | 102.631 | 106.054 | 110.600 | 114.385 | 116.515 | 119.162 | 121.400 | 125.985 | 129.208 | 132.738 | 137.585 | 140.954 | 143.669 | 144.254 | 143.438 | 142.862 | 142.754 | 142.108 | 140.000 | 137.854 | 137.062 | 137.908 | 137.585 | 136.254 | 134.194 | 135.623 | 138.005 | 141.883 | 144.232 | 145.783 | 146.275 | 147.135 | 147.358 | 146.992 | 146.287 | 146.834 | 147.600 | 156.240 | 172.480 | 178.899 | 178.594 |