Quality changes in 2005 model vehicles
November 30, 2004
The value of quality changes in 2005 model-year cars averaged $283.12. This figure represents 73.8 percent of the average increase in manufacturers’ invoice prices. In the light truck segment, $306.26 in quality changes accounted for 75.7 percent of average increases in invoice price.
The retail equivalent value of the quality changes to 2005 model-year passenger cars averaged $310.50, or 74.3 percent of the over-the-year increase in manufacturers’ suggested list prices. The retail value of the quality changes broke down to $193.11 for safety improvements and $117.39 for other quality changes, such as emission improvements, changes in audio systems, and changes in levels of standard or optional equipment.
The retail equivalent value of quality changes for domestic light trucks averaged $345.38, representing 75.2 percent of the average increase in manufacturers’ suggested list prices. The quality changes broke down to $18.30 for federally mandated safety improvements, $120.43 for non-mandated safety improvements, and $206.65 for other quality changes such as powertrain improvements, theft protection, changes in audio systems, and changes in levels of standard or optional equipment.
The analysis of quality improvements in passenger cars and light trucks is a product of the Producer Price Index program. Estimates of the value of quality change are based on a review of data supplied by producers for similarly equipped 2004 and 2005 domestic vehicles priced in the PPI. For more information, see "Report on Quality Changes for 2005 Model Vehicles," (PDF) news release UDSL 04-2351.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Quality changes in 2005 model vehicles on the Internet at https://www.bls.gov/opub/ted/2004/nov/wk5/art02.htm (visited February 25, 2020).
Recent editions of Spotlight on Statistics
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.
- 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.