Prices for almost all materials used in the auto glass industry saw noticeable increases and decreases in November 2018, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS).
The monthly PPI category that includes auto glass, in the commodity category increased by 1.2 percent in November on a year-over-year basis. The PPI decreased by 0.1 percent from October. 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 1.1 percent compared to November 2017, and in that index, in the commodity grouping, month-over-month prices remained the same.
The PPI for molded rubber mechanical goods (automotive) saw a steep decline of 2.4 percent when compared to its reading last month, it also saw a decrease of 2.5 percent when compared to last year. Adhesives and sealants increased by 0.1 compared to last month and saw a dramatic increase of 3.5 percent from last year.
Motor vehicle repair and maintenance, in the services grouping, saw a slight decrease of 1.3 percent on a month-over-month basis, as well as another decrease of 1.5 percent for the year.
The cost of private passenger auto insurance services saw a minor increase of 0.1 percent for the month and rose by 3.3 percent year-over-year. Commercial auto insurance was up by 0.8 percent month-over-month and increased by 3.7 percent year-over-year.