Prices for almost all materials used in the auto glass industry saw steady increases in March 2019, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS).
The monthly PPI, which includes auto glass, increased by 0.2% in March in the commodity category on a year-over-year basis. The PPI decreased by 1% 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 0.5% compared to March 2018, and in that index, in the commodity grouping, month-over-month prices saw a slight increase of 0.1%.
The PPI for molded rubber mechanical goods (automotive) remained the same when compared to its reading last month, and saw an increase of 0.3% when compared to last year. Adhesives and sealants increased by 0.4% compared to last month and saw an increase of 4.4% from last year.
Motor vehicle repair and maintenance, in the services grouping, saw an increase of 0.2% on a month-over-month basis, as well as another increase of 1.3% for the year.
The cost of private passenger auto insurance services saw a decrease of 0.1% for the month and saw an increase on 1.8% year-over-year. Commercial auto insurance was down by 0.1% month-over-month and up 4.4% year-over-year.