Prices for materials used in the auto glass industry showed mostly increases in September 2022, according to recently released Producer Price Index (PPI) data from the Bureau of Labor Statistics (BLS).
The monthly PPI for glass, which includes auto glass*, increased by 8.2% on a year-over-year basis but was stagnant from August 2022. 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 increased by 3.0% from last year in that index, in the commodity grouping, while month-over-month prices dropped by 0.1% from July 2022.
The PPI for molded rubber mechanical goods (automotive) did not change from its August reading, but went up by 1.4% from September 2021.
Adhesives and sealants saw an increase of 0.7% from one month to the next, and a 19.8% increase from last year.
Motor vehicle repair and maintenance, in the services grouping, saw no change from August 2022 but increased 4.2% from the same time last year.
The cost of private passenger auto insurance services also remained stagnant from August but increased 3.9% from September 2021. Commercial auto insurance saw a 0.9% decrease from September 2021 but increased 1.1% from August 2022.
*This number is for the specialty glass category under the commodity category.