![]() The UAW began striking at factories that make only a few vehicles – Ford Broncos and Rangers, Jeep Wranglers, Chevrolet mid-size pickups and GMC vans. Vehicles from the Detroit Three sat in inventory an average 52 days before being sold in August, up from 31 days at the start of last year, according to Edmunds data. He estimates that at current inventory levels and the pace of vehicle sales, most car shoppers shouldn’t notice much change for a couple of months. “Guys at the dealerships are going to tell you, ‘The UAW this and that,’ but their lots are full of cars now,” says Ivan Drury, the director of insights at Edmunds, a provider of information about the auto industry. Ford, General Motors and Stellantis built up inventories of vehicles ahead of Thursday night’s strike, and the UAW decided to limit the walkout to just three plants – at least for now. Many analysts think it will take several weeks before dealer lots start to look a bit empty. The strike by auto workers is almost certain to lead to higher prices for car buyers it's only a matter of whether panic buying will make dealer lots look empty sooner than analysts expect. And consumers might make things worse with panic-buying.įILE: The sticker price is displayed in the window of an unsold 2023 Navigator sports-utility vehicle at a Lincoln dealership on June 18, 2023, in Englewood, Colo.
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