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.
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 BLSProducer 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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Non-mandated improvements account for most of light truck quality change at https://www.bls.gov/opub/ted/2000/dec/wk4/art02.htm (visited January 19, 2022).