Vehicle supply seems to be less of an issue, while the effects on new-vehicle costs will manifest in the longer term.
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.
While the strike is still too young to reveal its effect on fleet vehicle inventories, the looming government shutdown could present a double whammy of macro effects on fleets and transportation.
The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
Several media outlets Wednesday morning reported operations at the Port of Baltimore have been shut down due to a strike by members of the International Longshoremen’s Association.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
