How the UAW Strike Impacts Consumers
Approximately 150,000 members of the United Auto Workers (UAW) union, responsible for assembling domestic vehicles for automakers like Stellantis (Ram Truck & Dodge’s parent company), authorized a strike at midnight on September 14 (2023). Given the magnitude of the strike–the first time UAW simultaneously strikes against all “Big Three” Detroit automakers in its history–the automotive segment is bracing for a substantial impact. Here’s how the strike affects consumers in the market for a new vehicle going forward:
Production of domestic cars, trucks, and SUVs is expected to stall, thus interrupting the availability of inventory. In addition, because of the changes in inventory, prices can be affected down the line. A customer’s search for a specific new model could become increasingly challenging, particularly if they have strict preferences regarding trim, color, or certain options. An extended strike could significantly limit these choices, as production lines come to a halt, disrupting the manufacturing of vehicles.
The same concept applies to used cars–as the inventory wanes, market availability and prices will reflect said changes. Stay tuned on University Dodge social media to stay up to date with the latest news regarding ongoing inventory changes and more.