Prices for materials used in the auto glass industry showed mostly increases in December 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 3.7% on a year-over-year basis and increased by 2% from November 2020. 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 0.5% from December 2019, and in that index, in the commodity grouping, month-over-month prices increased by 0.1% from November.
The PPI for molded rubber mechanical goods (automotive) remained the same when compared to its reading in November, but dropped 0.5% from this time last year.
Adhesives and sealants saw a decrease of 0.1% from one month to the next, and a 1.3% increase from last year.
Motor vehicle repair and maintenance, in the services grouping, went up by 0.3%, as well as going up by 2.3% over December of last year.
The cost of private passenger auto insurance services dropped by 0.1% when compared to last month, and remained the same on a year-over-year basis. Commercial auto insurance saw a 1.1% increase in year over year and saw a decrease of 0.1% from November.
*This number is for the specialty glass category in December under the commodity category.