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Value of quality changes for 2008 passenger cars and light trucks

November 26, 2007

The retail equivalent value of quality changes for the 2008 model year domestic passenger cars averaged $170.17. This was less than the average $64.12 increase in manufacturer's suggested list prices.

Value of quality changes for 2008 model year vehicles, retail level, and increase in list prices, passenger cars and light trucks
[Chart data—TXT]

The value of quality changes for passenger cars breaks down as follows: $82.39 for safety improvements such as changes to tire pressure monitor sensors and airbag systems; $87.78 for other quality changes such as changes in audio systems and changes in levels of standard or optional equipment.

The retail equivalent value of quality changes for the 2008 model year domestic light trucks averaged $276.92. The average increase in manufacturer's suggested list prices was $342.60.

The $276.92 value breaks down as follows: $126.69 for safety improvements such as stability control and airbag systems; $150.23 for other quality changes such as changes to audio systems, theft protection, and changes in levels of standard or optional equipment.

These data are from the BLS Producer Price Index program. Learn more in "Report on Quality Changes for 2008 Model Vehicles," news release USDL 07-1787 (PDF 20K).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Value of quality changes for 2008 passenger cars and light trucks on the Internet at https://www.bls.gov/opub/ted/2007/nov/wk4/art01.htm (visited January 20, 2020).

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