Wednesday , September 27 2023

The auto workers strike will drive up car prices, but not right away — unless consumers panic

DALLAS (AP) — Car shoppers are heading for a new round of sticker shock if the strike by the United Auto Workers doesn’t end soon, particularly for popular vehicles that are already in short supply.

The number of vehicles on dealer lots will shrink the longer the walkout goes on. Dealers are likely to lose incentives that the manufacturers pay them to boost sales by cutting prices.

And consumers might make things worse with panic-buying.

Many analysts think it will take several weeks before dealer lots start to look a bit empty. Ford,…

Read more on apnews

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