Table 1

Vehicle wealth climbed and fell with car values

Inflation-adjusted change in used car prices and median vehicle wealth for Americans under 35

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Sources: Federal Reserve Survey of Consumer Finances; FRED; FRED.
Note: Real used car prices were calculated by dividing Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average by Consumer Price Index for All Urban Consumers: All Items in U.S. City Average. Since SCF uses the September value of CPI to adjust their nominal values for inflation, we used the September value of these two CPI series in order to calculate the percentage real change in used car prices for each year pairing.