Value of quality changes in 2000 model-year light trucks
November 26, 1999
Quality changes in 2000 model-year light trucks had a retail value of $40.56 on average, representing about 10 percent of a $416.31 increase in manufacturers’ suggested list prices.
Of the $40.56 estimated retail level of quality change in domestic light trucks, most of it ($33.31) was due to changes in accordance with 1990 Clean Air Act Amendments.
Safety changes for child seat tether anchors and for head impact protection accounted for $3.38 of the total value of quality changes. Non-mandated quality changes such as powertrain improvements, theft protection, other safety improvements, and changes in levels of standard or optional equipment accounted for $3.87 on average.
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 19 2000 model-year domestic light trucks 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 light trucks on the Internet at http://www.bls.gov/opub/ted/1999/nov/wk4/art04.htm (visited November 28, 2015).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.