Impending UAW Strike: Dealerships and Negotiations Update

Auto dealerships, including Ford, General Motors, and Stellantis dealerships, are preparing for potential inventory shortages as the United Auto Workers (UAW) union threatens a strike if new contract agreements are not reached. Dealerships are working to shore up vehicle and parts inventories in case production lines stop rolling. A strike against all three automakers could result in 100,000 fewer vehicles produced each week. Used car prices have risen significantly in recent weeks, and new car prices are also increasing. The UAW strike would have a significant impact on dealerships, communities, and the U.S. economy as a whole. Negotiations are ongoing, but both sides are negotiating from positions of power.