PPI: Automotive-Related Products Pricing Generally Positive in March

Prices for materials used in the auto glass industry showed mostly increases in March 2021, 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 2.7% on a year-over-year basis and decreased by 1.1% from February 2021. 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 0.1% from March 2020, and in that index, in the commodity grouping, month-over-month prices decreased by 0.1% from February 2021.

The PPI for molded rubber mechanical goods (automotive) decreased by 1.0% when compared to its reading in February, but went up by 0.4% from March 2020.

Adhesives and sealants saw an increase of 0.3% from one month to the next, and a 1.4% increase from last year.
Motor vehicle repair and maintenance, in the services grouping, went up by 1.7% over March 2020 but dropped 0.3% from February.

The cost of private passenger auto insurance services was down both compared to last month, with a drop of 0.1% as well as on a year-over-year basis, which was down -4.6%. Commercial auto insurance saw a 1.0% decrease from February 2021 but increased 2.5% from March 202.

*This number is for the specialty glass category in March under the commodity category.

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