Prices for materials used in the auto glass industry showed mostly increases in July 2020, 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 1.6% on a year-over-year basis. The PPI went down by 0.3% 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 remained the same from July 2019, and in that index, in the commodity grouping, month-over-month prices went down by 0.2%.
The PPI for molded rubber mechanical goods (automotive) went down by 0.3% when compared to its reading last month, and also saw a decrease of 1.3% when compared to last year.
Adhesives and sealants saw a decrease of 0.3% when compared to last month and saw an increase of 0.9% from last year.
Motor vehicle repair and maintenance, in the services grouping, went up by 0.4% on a month-over-month basis, as well as going up by 2.5% for the year.
The cost of private passenger auto insurance services went up by 0.4% when compared to last month, which resulted in a 1.1% increase on a year-over-year basis. Commercial auto insurance went up by 0.1% on a month-over-month basis and was up 3.6% year over year.
*This number is for the specialty glass category in July under the commodity category.