Quality changes bigger factor for light truck prices than for car prices in 1999 model year
December 10, 1998
The value of quality changes averaged $408.52 for the 1999 model year light trucks included in the Producer Price Index. Quality changes include powertrain improvements, corrosion protection upgrades, changes in levels of standard or optional equipment, or modifications made to meet 1990 Clean Air Act amendments.
For light trucks, the retail equivalent of such quality changes was $484.86, representing 98.6 percent of the $491.63 increase in manufacturers’ suggested list prices.
Among domestic passenger cars included in the Producer Price Index, the value of quality changes was $13.49. The retail equivalent of these quality changes averaged $15.50, about 10 percent of the $155.27 increase in manufacturers’ suggested retail prices.
Estimates of the value of quality changes for passenger cars and light trucks are a product of the Producer Price Index program. Additional information may be found in news release USDL 98-457, "Report on Quality Changes for 1999 Model Vehicles" (PDF).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Quality changes bigger factor for light truck prices than for car prices in 1999 model year on the Internet at http://www.bls.gov/opub/ted/1998/dec/wk2/art04.htm (visited December 09, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.