2 weeks later, strike has expanded to additional ‘Big 3’ plants and distribution centers. According to The Detroit News, 25,300 out of the UAW’s 146,000 members at the big 3 are on strike, or 17% of the workforce.

15 days of strikes and what seems to be little progress as the strike expands. Ford dealers specifically are losing access to some part deliveries, according to CarDealershipGuy on Twitter (pretty good follow for industry related news).

I can’t expect this to be good for car prices or inflation in general. Although there is a yin and a yang - Supply down due to the strike but with suppliers not shipping parts to the automakers, furloughs and temporary layoffs should be coming which would represent the market’s response, decreasing demand as supply also decreases. Should is key because free market responses to these types of situations seem to be increasingly rare, I wouldn’t be surprised to see the government step in somehow if this continues.

#strike #uaw #automotive nostr:note12lfamshucqhzj0z8ydwydurhtj3v32tjz28tfe7fvrdsjwr2zfys66jtz9