Prices for almost all materials used in the auto glass industry saw clear rises and declines in December 2018, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS).
The monthly PPI , that includes auto glass, increased by 0.9 percent in December in the commodity category on a year-over-year basis. The PPI dipped downward and decreased by 0.3 percent from November. 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 1.7 percent compared to December 2017, and in that index, in the commodity grouping, month-over-month prices also saw improvement by increasing 0.6 percent.
The PPI for molded rubber mechanical goods (automotive) were up by 1.8 percent when compared to its reading last month, but saw a decrease of 0.8 percent when compared to last year. Adhesives and sealants increased by 0.5 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 an upward swing with an increase of 0.4 percent on a month-over-month basis, as well as another increase of 1.8 percent for the year.
The cost of private passenger auto insurance services saw an increase of 0.6 percent for the month and rose by 2.1 percent year-over-year. Commercial auto insurance was down by 0.5 percent month-over-month and increased by 3.0 percent year-over-year.