Value of quality changes averages $82.96 in 2004 model-year cars
November 18, 2003
The retail equivalent value of quality changes for a 15-unit sample of 2004 model-year domestic passenger cars averaged $82.96.
The $82.96 estimated retail value of quality changes break down as follows:
- $24.00 for powertrain improvements;
- $37.16 for federally mandated and non-mandated safety improvements such as changes to brake and airbags systems; and
- $21.80 for other quality changes such as emission improvements, theft protection, changes in audio systems, and changes in levels of standard or optional equipment.
The average retail equivalent value of these quality changes—$82.96—is 17.8 percent of the average $467.28 over-the-year increase in manufacturers’ suggested list prices.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Value of quality changes averages $82.96 in 2004 model-year cars on the Internet at https://www.bls.gov/opub/ted/2003/nov/wk3/art02.htm (visited September 19, 2019).
Recent editions of Spotlight on Statistics
- 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.
- Labor force characteristics of people with a disability
Examines the labor force characteristics of people with a disability and compares them with the characteristics of people with no disability.