November 18, 2003
The retail equivalent value of quality changes for a 15-unit sample of 2004 model-year domestic passenger cars averaged $82.96.
The $82.96 estimated retail value of quality changes break down as follows:
The average retail equivalent value of these quality changes—$82.96—is 17.8 percent of the average $467.28 over-the-year increase in manufacturers’ suggested list prices.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Value of quality changes averages $82.96 in 2004 model-year cars at https://www.bls.gov/opub/ted/2003/nov/wk3/art02.htm (visited July 29, 2021).