Value of quality changes for 2002 passenger cars and light trucks
November 14, 2001
The retail equivalent value of quality changes for 2002 passenger cars was higher than that for light trucks.
The retail equivalent value of quality changes for the 2002 model year domestic passenger cars averaged $68.30. This represents 20.2 percent of the average $337.94 over-the-year increase in manufacturer's suggested list prices.
The retail equivalent value of quality changes for the 2002 model year domestic light trucks averaged $17.59, or 7.1 percent of the average $248.20 over-the-year increase in manufacturer's suggested list prices.
The value of changes for passenger cars and light trucks represent changes in levels of standard or optional equipment, federal safety mandates, and non-mandated quality changes.
These data are a product of the BLS Producer Price Index program. Learn more in "Report on Quality Changes for 2002 Model Vehicles," news release USDL 01-405 (PDF 10K). Estimates of the value of quality changes were based on a sample of 18 model-year 2002 domestic passenger cars and 16 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 for 2002 passenger cars and light trucks on the Internet at https://www.bls.gov/opub/ted/2001/nov/wk2/art02.htm (visited January 19, 2020).
Recent editions of Spotlight on Statistics
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.