The auto workers strike will drive up car prices, but not right away
If the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit DALLAS -- 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, 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. “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...