Prices for materials used in the auto glass industry saw both increases and decreases in June 2019, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS).
The monthly PPI, which includes auto glass, decreased by 0.1% in June in the commodity category on a year-over-year basis. The PPI also decreased by 0.1% from May. 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 0.6% compared to June 2018, and in that index, in the commodity grouping, month-over-month prices increased by 0.1%.
The PPI for molded rubber mechanical goods (automotive) remained the same when compared to its reading last month, and saw a large decrease of 1.2% when compared to last year. Adhesives and sealants remained the same compared to last month and saw an increase of 2% from last year.
Motor vehicle repair and maintenance, in the services grouping, saw an increase of 0.1% on a month-over-month basis, as well as another increase of 3.6% for the year.
The cost of private passenger auto insurance services saw a slight increase of 0.1% for the month and increased by 2% year-over-year. Commercial auto insurance was up by 0.1% month-over-month and up 4.8% year-over-year.