Culminating in over 45 days on the picket line, members at each of the Detroit Three have approved new contracts in favor of the UAW.
Supply chains have stabilized while market headwinds from high interest rates and high prices are muting sales.
While the UAW strike has slowed output at auto factories nationwide, the fallout has not fully hit consumers in dealer showrooms.
Since the labor actions started Sept. 15, the U.S. has ample inventory for now from the Detroit automakers that should keep steady supply through the end of the month. The all-important Ford F-150 had 97 days of supply at the start of October.
Sales in Q3 are expected to surpass 3.9 million, a jump of more than 15% from the same timeframe one year ago.
The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
In the past year, industries such as construction, transportation, and mining have had staggering levels of quitting. Why are people quitting these industries?
California Gov. Gavin Newsom on Sept. 18 signed Assembly Bill 5 into law, a measure that trucking interests in the state say will wipe out the ability to use owner-operators.
Trucking companies that use owner-operator independent contractors may not be able to rely on arbitration clauses to protect them from lawsuits in the wake of a new U.S. Supreme Court decision.
The Teamsters Union leadership has voted to approve a labor deal with UPS that includes raises and benefit increases for company drivers and reflects the surging demand for delivery services.
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