Now to our continuing coverage of the United Auto Workers (UAW) strike against the Detroit Big 3. Today on Inside Automotive, we’re joined by Jim Ziegler, automotive retail veteran, speaker, and President of Ziegler SuperSystems, to learn how this move could impact dealers.
Key takeaways:
The UAW union’s strike has stopped car production in Detroit, potentially favoring non-U.S. manufacturers.
Critics label UAW’s requests for higher wages and more vacations as “absurd,” with Ford suggesting a risk of bankruptcy.
The strike, alongside chip shortages, might increase new and used car prices.
With a five-week strike fund, the UAW protest could last last long, according to Ziegler. Offers to end it include 20% wage increases.
Rising car prices might deter consumers, and ongoing labor disputes could push manufacturers to relocate, especially to China.
