The experimental new vehicle data (CPI-U-XNV) was first published May 15, 2019. This index uses data purchased from J.D. Power and includes transaction-level new vehicle prices and detailed vehicle information.
The Bureau is considering using this index in place of the current official new vehicles index. Researchers may use it as an alternative measure of new vehicle price change.
The experimental index utilizes new methods to calculate an index based on transaction data. The index is calculated outside of the official production system. Additionally, this index differs from the official indexes in scope, formula, and aggregation. Customers should be aware of the caveats and limitations of any of these products they consider using.
The information supplied by Power Information Network, a business division of J.D. Power and Associates (“PIN”) is based on data believed to be reliable but is neither all-inclusive nor guaranteed by PIN. Without limiting the generality of the foregoing, specific data points may vary considerably from other information sources. Any opinions expressed herein reflect the judgment of the authors at this date and are subject to change.
CPI-U-XNV data are published three business days following the monthly CPI-U data release. See the CPI Release Calendar for publications dates.
The experimental new vehicle index methodology factsheet contains a broader overview of the research and information such as sampling and index calculation. Additional information is available in the following working paper A New Vehicles Transaction Price Index: Offsetting the Effects of Price Discrimination and Product Cycle Bias with a Year-Over-Year Index.
The Bureau is soliciting feedback on this index as a replacement for the current new vehicles index. We would specifically like to know whether you agree that this proposal constitutes an improvement over the existing methodology and data source, but appreciate any additional feedback on this data. Please send your feedback on the experimental new vehicle data to: firstname.lastname@example.org. Other CPI related questions should be sent to email@example.com.
Last Modified Date: November 18, 2019