Quality changes in 2007 passenger cars and light trucks
November 24, 2006
The estimated retail equivalent value of quality changes for 2007 model year domestically produced passenger cars averaged $150.91.
The estimated retail value of quality changes for passenger cars includes:
- $56.57 for safety improvements such as changes in airbags and tire pressure monitor systems;
- $94.34 for other quality changes, such as changes in audio systems, warranty changes, and changes in levels of standard or optional equipment.
- $160.09 for federally mandated and non-mandated safety improvements such as tire pressure monitor systems, stability control, and airbag systems improvements;
- $58.01 for powertrain improvements;
- $174.00 for other quality changes, such as emissions improvements, warranty changes, changes to audio systems, and changes in levels of standard or optional equipment.
The analysis of quality improvements in passenger cars and light trucks is a product of the Producer Price Index (PPI) program. Estimates of the value of quality changes are based on a review by the BLS of data supplied by producers for similarly equipped 2006 and 2007 domestically produced models priced for the PPI. For more information, see "Report On Quality Changes For 2007 Model Vehicles," (PDF) news release UDSL 06-1973.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Quality changes in 2007 passenger cars and light trucks on the Internet at http://www.bls.gov/opub/ted/2006/nov/wk3/art04.htm (visited November 26, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.