Value of quality changes in 2000 model-year light trucks
November 26, 1999
Quality changes in 2000 model-year light trucks had a retail value of $40.56 on average, representing about 10 percent of a $416.31 increase in manufacturers’ suggested list prices.
Of the $40.56 estimated retail level of quality change in domestic light trucks, most of it ($33.31) was due to changes in accordance with 1990 Clean Air Act Amendments.
Safety changes for child seat tether anchors and for head impact protection accounted for $3.38 of the total value of quality changes. Non-mandated quality changes such as powertrain improvements, theft protection, other safety improvements, and changes in levels of standard or optional equipment accounted for $3.87 on average.
These data are a product of the BLS Producer Price Index program. Learn more in "Report on Quality Changes for 2000 Model Vehicles," news release USDL 99-324. The estimates on the value of quality changes were based on a sample of 19 2000 model-year domestic light trucks included in the Producer Price Index for October.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Value of quality changes in 2000 model-year light trucks on the Internet at https://www.bls.gov/opub/ted/1999/nov/wk4/art04.htm (visited April 26, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
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.