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Prices for Cars, 1935-2023 ($15,000) According to the U.S. Bureau of Labor Statistics, prices for new cars are 760.95% higher in 2023 versus 1935 (a $114,142.45 difference in value). Between 1935 and 2023: Cars experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, cars costing $15,000 in the year 1935 would cost $129,142.45 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.58% during this same period, inflation for cars was lower. Price Inflation for New cars since 1935Consumer Price Index, U.S. Bureau of Labor StatisticsYears with the largest changes in pricing: 1947 (49.78%), 2022 (11.07%), and 1948 (8.97%).View price changes for other categoriesRent of primary residence · Airline fares · Boston, Massachusetts · Parking fees and tolls · MoreBuying power of $15,000.00 since 1935Below are calculations of equivalent buying power for Cars, over time, for $15,000 beginning in 1935. Each of the amounts below is equivalent in terms of what it could buy at the time: YearUSD ValueInflation Rate1935$15,000.00-1936$15,073.890.49%1937$15,369.461.96%1938$16,108.374.81%1939$15,738.92-2.29%1940$15,738.920.00% **1941$16,995.077.98%1942$16,995.070.00% **1943$16,995.070.00% **1944$16,995.070.00% **1945$16,995.070.00% **1946$16,995.070.00% **1947$25,455.6749.78%1948$27,738.928.97%1949$30,221.678.95%1950$30,384.240.54%1951$32,009.855.35%1952$34,655.178.26%1953$34,871.160.62%1954$34,325.50-1.56%1955$33,120.50-3.51%1956$34,035.622.76%1957$35,814.705.23%1958$36,968.553.22%1959$38,565.744.32%1960$38,059.87-1.31%1961$38,054.19-0.01%1962$37,912.09-0.37%1963$37,673.36-0.63%1964$37,593.79-0.21%1965$36,741.19-2.27%1966$36,064.80-1.84%1967$36,400.150.93%1968$37,428.952.83%1969$38,031.451.61%1970$39,185.303.03%1971$40,793.864.11%1972$40,441.46-0.86%1973$40,464.190.06%1974$42,805.995.79%1975$46,477.838.58%1976$49,422.136.33%1977$52,036.765.29%1978$56,015.547.65%1979$60,460.407.94%1980$65,297.468.00%1981$69,276.246.09%1982$71,942.023.85%1983$73,800.682.58%1984$75,926.492.88%1985$78,359.233.20%1986$81,735.514.31%1987$84,662.753.58%1988$86,345.211.99%1989$88,107.242.04%1990$89,386.131.45%1991$92,603.263.60%1992$94,848.432.42%1993$97,161.802.44%1994$100,481.243.42%1995$102,720.732.23%1996$104,505.491.74%1997$104,687.380.17%1998$103,965.52-0.69%1999$103,118.61-0.81%2000$103,118.610.00% **2001$102,652.52-0.45%2002$101,441.83-1.18%2003$99,520.65-1.89%2004$98,969.31-0.55%2005$99,918.530.96%2006$100,805.230.89%2007$100,392.86-0.41%2008$100,049.77-0.34%2009$100,998.430.95%2010$102,040.131.03%2011$105,093.102.99%2012$106,535.351.37%2013$107,086.240.52%2014$106,750.49-0.31%2015$106,696.21-0.05%2016$106,175.05-0.49%2017$105,413.11-0.72%2018$104,902.41-0.48%2019$105,517.360.59%2020$106,370.800.81%2021$112,283.905.56%2022$124,716.7911.07%2023$129,142.453.55%** 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 cars: Year19351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023CPI20.30020.40020.80021.80021.30021.30023.00023.00023.00023.00023.00023.00034.45037.54040.90041.12043.32046.90047.19246.45444.82346.06248.46950.03152.19251.50851.50051.30850.98550.87749.72348.80849.26250.65451.46953.03155.20854.73154.76257.93162.90066.88570.42375.80881.82388.36993.75497.36299.877102.754106.046110.615114.577116.854119.238120.969125.323128.362131.492135.985139.015141.431141.677140.700139.554139.554138.923137.285134.685133.938135.223136.423135.865135.401136.685138.094142.226144.178144.923144.469144.396143.690142.659141.968142.800143.955151.958168.783174.773Adjust cars prices for inflationStart with the inflation rate formula:CPI in 2023 / CPI in 1935 * 1935 USD value = 2023 USD value Then plug in historical CPI values from above. The CPI for New cars was 20.300 in the year 1935 and 174.773 in 2023: 174.773 / 20.300 * $15,000 = $129,142.45 Therefore, according to U.S. Bureau of Labor Statistics, $15,000 in 1935 has the same "purchasing power" as $129,142.45 in 2023 (in the CPI category of New cars). Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New cars in 1935. In addition to cars, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.» Read more about inflation and investment. In other countries:Canada InflationU.K. InflationAustralia InflationEuro InflationVenezuela Inflation |
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