Prices for almost all materials used in the auto glass industry generally increased in July 2018, 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 slightly increased by 1.9 percent in July on a year-over-year basis. The PPI for specialty glass was down by 0.3 percent from June. 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 1.6 percent compared to July 2017, and in that index, in the commodity grouping, month-over-month prices increased by 0.2 percent.
The PPI for molded rubber mechanical goods (automotive) had a minor decrease of 0.2 percent in its June reading and also went down by 0.3 percent from last year. Adhesives and sealants were up 0.6 percent for the month and 3.4 percent from last year.
Motor vehicle repair and maintenance, in the services grouping, saw a price drop of 0.3 percent on a month-over-month basis, and experienced an increase of 0.8 percent for the year.
The cost of private passenger auto insurance services was down by 0.3 percent monthly but increased by 3.0 percent year-over-year. Commercial auto insurance decreased by 0.3 percent month-over-month and increased by 1.5 percent year-over-year.