Bureau of Labor Statistics Adjusts Historical Car Prices Amid Corvette Sales
What happened
The Bureau of Labor Statistics adjusted historical car prices, providing context for current vehicle costs. According to one report, the base 2007 Corvette coupe cost $44,995, including destination, in the fall of 2006. When adjusted for inflation using pricing information from the Bureau of Labor Statistics, that price is equivalent to about $73,120 in current values.
From carscoops.com
Why it matters
The Bureau of Labor Statistics is reporting on trends related to vehicle prices and auto loan debt, which is part of a larger situation involving Experian and LendingTree. This comparison highlights the impact of inflation on the real cost of vehicles over time.
Bureau of Labor Statistics, Experian, and LendingTree are reporting on current trends regarding vehicle prices and auto loan debt.
From carscoops.com
Who's involved
- ChevySells the Corvette model
- Bureau of Labor StatisticsAdjusts historical car prices
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The entities involved
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Chevy
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Bureau of Labor Statistics
US government agency