Prices for materials used in the auto glass industry showed mostly increases in August 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 1.4% on a year-over-year basis. The PPI went down by 0.1% from July. 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 went down by 0.1% from August 2019, and in that index, in the commodity grouping, month-over-month prices remained the same.
The PPI for molded rubber mechanical goods (automotive) remained the same when compared to its reading last month, and also saw a decrease of 1.4% when compared to last year.
Adhesives and sealants saw an increase of 0.2% when compared to last month and saw an increase of 1% from last year.
Motor vehicle repair and maintenance, in the services grouping, went up by 0.1% on a month-over-month basis, as well as going up by 2.1% for the year.
The cost of private passenger auto insurance services went down by 0.3% when compared to last month, which resulted in a 0.7% increase on a year-over-year basis. Commercial auto insurance went up by 0.4% on a month-over-month basis and was up 3.5% year over year.
*This number is for the specialty glass category in August under the commodity category.