November 23, 1999
The quality changes in 2000 model-year cars had a retail value of $169.05 on average, representing about 41 percent of the average $408.42 yearly increase in manufacturers’ suggested list prices.
Of the $169.05 estimated retail level of quality change in domestic passenger cars, the bulk was due to non-mandated quality changes such as powertrain improvements, theft protection, safety improvements, and changes in levels of standard or optional equipment—non-mandated quality changes were valued at $153.79 on average.
Changes in accordance with 1990 Clean Air Act Amendments and with head impact protection standards accounted for $9.87 of the average value of quality change and safety changes for child seat tether anchors accounted for $5.39.
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 14 2000 model-year domestic passenger cars 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 cars on the Internet at http://www.bls.gov/opub/ted/1999/nov/wk4/art02.htm (visited November 25, 2015).
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.