Prices for materials used in the auto glass industry showed mostly increases in September 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% on a year-over-year basis but went down by 0.1% from August, from 170 to 169.9. 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 up by 0.6% from September 2019, and in that index, in the commodity grouping, month-over-month prices rose by .1% from August.
The PPI for molded rubber mechanical goods (automotive) remained the same when compared to its reading last month, but dropped 1.4% from this time last year.
Adhesives and sealants saw an increase of 0.4% when compared to last month and a 1.2% increase from last year.
Motor vehicle repair and maintenance, in the services grouping, went up by 0.2% from last month, as well as going up by 2.2% over September of last year.
The cost of private passenger auto insurance services went down by 0.1% when compared to last month, but still resulted in a 0.5% increase on a year-over-year basis. Commercial auto insurance held steady over the last and stays positive, with a 2.5% increase in year over year.
*This number is for the specialty glass category in September under the commodity category.