Non-mandated improvements account for most of light truck quality change

December 27, 2000

The retail equivalent value of quality changes in model year 2001 domestic light trucks averaged $298.62. This change represented 66.3 percent of the over-the-year increase in manufacturers’ suggested retail prices.

Value of quality changes in model year 2001 light trucks
[Chart data—TXT]

The $298.62 retail value of quality change breaks down as follows:

-- $9.42 for federally mandated safety improvements such as child seat tethers and head impact protection;

-- $90.78 for changes in accordance with 1990 Clean Air Act Amendments;

-- $198.42 for non-mandated quality changes such as powertrain improvements, theft protection, safety improvements, and changes in levels of standard or optional equipment.

These data are a product of the BLS

Producer Price Index program. Learn more in "Report on Quality Changes for 2001 Model Vehicles," news release USDL 00-331 (PDF 11K). The estimates on the value of quality changes were based on a sample of 20 model-year 2001 domestic light trucks included in the Producer Price Index for October.
SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Non-mandated improvements account for most of light truck quality change on the Internet at http://www.bls.gov/opub/ted/2000/dec/wk4/art02.htm (visited August 25, 2016).

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