AGRR Material Prices Experience Increases in January

Prices for materials used in the auto glass industry showed increases in January 2022, 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 1.0% from December 2021 to January 2022, and revealed a 9.7% increase from January 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 5.2% from January 2021, and in that index, in the commodity grouping and month-over-month prices increased by only 0.6% from December 2021.

The PPI for molded rubber mechanical goods (automotive) showed a change of 1.4% from its reading in December, but went up by 2.1% from January 2021.

Adhesives and sealants saw an increase of 2.4% from one month to the next, as well as a 14.2% increase from last year. Motor vehicle repair and maintenance, in the services grouping, saw no increase from December 2021 and a 2.9% increase from January 2021.

The cost of private passenger auto insurance services saw a 1.6% increase compared to the same month last year, and experienced no change from December 2021 to January 2022. On the other hand, commercial auto insurance saw a decline of 0.3% from December 2021, as well as a decrease of 0.3% from January 2021.

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

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3 Responses to AGRR Material Prices Experience Increases in January

  1. Kris Griffin says:

    We see increases month after month on our wholesale supply chains but are not allowed or assisted in increasing our price of service/goods on the retail side. Nags hasn’t increased the urethane kit price in years and now our kit cost is almost what they pay us. Margins are getting tighter and tighter on us independent shops. Fuel UP,URETHANE UP,DELIVERY CHARGES UP, GLASS UP, and yet the insurance companies will not allow us to charge more. I know of several shops that when certain parts are needed are unable to do the job due to the pricing especially on commodity vehicles (1580,1265,1217,1256 etc)

  2. John Doe says:

    Would be great to see NAGs update list prices to reflect price increases as well as actually add list prices for newer vehicles. As well as TPAs adjust labor rates to reflect overall market conditions.

  3. Why can TPA’s negotiate pricing with insurance companies and we as independent auto glass retail suppliers have no input in the process. Our cost of product always rises faster than we are compensated by the TPA. Its simply unfair!

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