Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Non-mandated improvements account for most of light truck quality change

December 27, 2000

The retail equivalent value of quality changes in model year 2001 domestic light trucks averaged $298.62. This change represented 66.3 percent of the over-the-year increase in manufacturers’ suggested retail prices.

Value of quality changes in model year 2001 light trucks
[Chart data—TXT]

The $298.62 retail value of quality change breaks down as follows:

-- $9.42 for federally mandated safety improvements such as child seat tethers and head impact protection;

-- $90.78 for changes in accordance with 1990 Clean Air Act Amendments;

-- $198.42 for non-mandated quality changes such as powertrain improvements, theft protection, safety improvements, and changes in levels of standard or optional equipment.

These data are a product of the BLS

Producer Price Index program. Learn more in "Report on Quality Changes for 2001 Model Vehicles," news release USDL 00-331 (PDF 11K). The estimates on the value of quality changes were based on a sample of 20 model-year 2001 domestic light trucks included in the Producer Price Index for October.
SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Non-mandated improvements account for most of light truck quality change on the Internet at https://www.bls.gov/opub/ted/2000/dec/wk4/art02.htm (visited September 27, 2020).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics

triangle