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.
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 BLSProducer 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.
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 July 06, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.