Prices for most materials used in the auto glass industry increased in March, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS).
The monthly PPI for specialty glass, which includes auto glass, in the commodity category rose 1.3 percent in March on a year-over-year basis. The PPI for specialty glass was up 0.8 percent from February. According to the BLS, the commodity classification “organizes products and services by similarity or material composition, regardless of the industry classification of the producing establishment.”
Prices for motor vehicle parts were up 1.4 percent compared to March 2017, and that index, in the commodity grouping, month-over-month prices edged up 0.4 percent.
The PPI for molded rubber mechanical goods automotive edged up 0.2 percent from its February reading (0.6 percent below March 2017 levels), and adhesives and sealants was up 0.4 percent for the month and 1.9 percent from last year.
Motor vehicle repair and maintenance, in the services grouping, saw a price increase of 0.3 percent on a month-over-month basis, and experienced an increase of 1.3 percent for the year.
The cost of private passenger auto insurance services was up just 0.2 percent monthly but spiked 7.5 percent year-over-year. Commercial auto insurance was up 0.3 percent both month-over-month and year-over-year.