"If it does drag on, that is definitely a risk. "We just don't know at this point," Jessica Caldwell, executive director of insights at the automotive data company Edmunds, told NPR on the sidelines of the Detroit Auto Show last week. If the strike grows big enough and lasts long enough, there could be more significant effects on vehicle supplies and prices. A prolonged strike could be a different story On the other hand, he says, car shoppers who have grown used to this brutal car market might not be expecting discounts to begin with. Unlike the COVID shock, Cox Automotive Chief Economist Jonathan Smoke notes, the UAW strike "will only impact a portion of the retail business, and the impact will be slow coming." The likeliest impact: No holiday discountsĪnalysts tell NPR that aside from shortages of specific models, the likeliest impact on consumers will be the absence of incentives at the Big Three automakers – the zero-down-payment, 0% interest loans and cash-back offers that have slowly been coming back to dealership ads.Įd Kim, an analyst at AutoPacific, says a strike "could help prevent the Big Three from doing their traditional thing of piling on incentives at the end of the year to move all this metal out." It also makes this strike very different from the massive, industry-wide supply disruption sparked by the pandemic. That means the union has less power than in its heyday. New & used sedans, trucks, SUVS, crossovers, motorcycles & more. Find local deals on Cars, Trucks & Motorcycles in Phoenix, Arizona on Facebook Marketplace. Instead of shutting down the Big 3's operations entirely by stopping engine production, for instance, the union has focused on a few assembly plants and warehouses that supply dealerships, not plants. Buy or sell new and used items easily on Facebook Marketplace, locally or from businesses. 2016 Chevrolet cruze limited 1LT Sedan 4D. The UAW is also strategically choosing targets with relatively limited ripple effects. The nature of the strike also should reduce the impact on Big Three supply chains for now.Īlthough the union surprised the auto industry by striking against all three companies at once, its plan is to start with reduced locations and gradually ramp up if the automakers don't make enough concessions. The strike is also targeted, reducing the impact on supply "With the current inventory levels in place, we don't expect a short-lived strike to impact consumer prices in any meaningful way, at least in the near term," Rebecca Rydzewski, research manager at Cox Automotive, wrote last week. With a hot used car market, Facebook Marketplace could be a great place to find a deal on a used car or sell one to make a profit. But overall, America simply isn't on the brink of a car shortage like it was just a couple of years ago. And some of the vehicles targeted by the strike – like the Ford Bronco, for instance – were in short supply to begin with. That's still not high by historical levels. It keeps Detroit Big 3 automakers guessing Find great deals on new items shipped from stores to your door. the Detroit Big 3 automakers UAW has a unique strike strategy. Owasso, OK Buy or sell new and used items easily on Facebook Marketplace, locally or from businesses.
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