How To Buy A Car? What The UAW Strike Means And Doesn’t Mean For Auto Sales
new york CNN — Now, United Auto Workers Union begins strikethe U.S. auto market is once again about to be thrown into turmoil. … Source: amp.cnn.com
new york CNN — Now, United Auto Workers Union begins strikethe U.S. auto market is once again about to be thrown into turmoil. … Source: amp.cnn.com
The United Auto Workers union is striking against the traditional “big three”: Ford, General Motors, and Stellantis. The strike deadline was Thursday, September 14th at 11:59pm ET. The first impact on consumers may be the end of incentives due to inventory shortages and higher used car prices… Source: www.caranddriver.com
Regardless of the outcome, the United Auto Workers strike threatens to put pressure on already high auto prices. While new car buyers won’t be affected immediately, experts say discounts and incentives are expected to decline in the future. For new cars, the average transaction amount is… Source: www.cnbc.com
Important points If the UAW’s strike against automakers in Detroit drags on, it could lead to higher car prices and fewer options. Repairs and maintenance at GM and Stellantis dealerships may be difficult because parts manufacturing and distribution facilities are closed due to the strike. UAW actions… Source: www.investopedia.com
Updated November 10, 2023 – Despite the UAW strike against three Detroit automakers and strong sales, October was the best since early spring 2021, according to an analysis of Cox Automotive’s vAuto available inventory data. It started with new car inventory. However, this strike left him with 60 points for GM… Source: www.coxautoinc.com
Important points By 2023, the “Detroit Three” automakers will hold 40% of the U.S. market, followed by General Motors with 17%, Ford with 13%, and Stellantis with 10%. The strike by the United Auto Workers union has not yet affected car prices, but if the strike spreads nationally… Source: www.bankrate.com
The UAW, the country’s largest autoworkers’ union, went on strike to demand higher wages and better benefits for its members. A strike by about 50,000 factory workers, about 30% of the workforce supported by unions at the three automakers, has disrupted car production. Source: www.consumerreports.org
The UAW’s strike against the Detroit Automobile Company could position Japanese automakers to capture even more U.S. market share as high interest rates, combined with the unaffordability of new, domestically produced cars, become unaffordable for many consumers. Economists say there is. And the Detroit Three… Source: www.freep.com
United Auto Workers (UAW) members approved new contracts with all three of Detroit’s largest automakers. The results of the vote were closer than most observers expected, especially among General Motors (GM) employees. This likely means five years of stability for auto workers But formal ratification puts an end to further threats… Source: Kelley Blue Book
I hope everyone has a great Friday! The weekend is fast approaching, and the first F1 race in Las Vegas in decades is fast approaching. There’s only one problem he has. Sure, there are a lot of real problems, but the biggest potential problem is the looming strike by hotel unions over race weekend. What other fun news can we Read More