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.
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.
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 http://www.bls.gov/opub/ted/2007/nov/wk4/art01.htm (visited March 30, 2015).
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