In an unprecedented turn of events, all three major automakers in America – GM, Ford, and Stellantis – are now facing a strike from the UAW. The labor dispute centers around the significant pay increases received by the CEOs of these companies, while the workers who actually manufacture the cars have not seen the benefits of the record profits. This strike could potentially create challenges for consumers looking to purchase certain models.
Just as the car market was beginning to recover from years of low inventory and high prices, this strike is likely to have a negative impact on dealer supply. When supply decreases, prices tend to rise.
Currently, there are three major plants on strike: Stellantis’ Toledo Assembly Complex, which produces the Jeep Wrangler and Gladiator; Ford’s Wayne plant, which builds Broncos and Rangers; and GM’s Wentzville, Missouri plant, which manufactures the Chevy Colorado, Chevy Express, GMC Canyon, and GMC Savana.
However, the UAW has stated that additional plants may join the strike depending on the progress of the negotiations. It appears that neither side is close to reaching an agreement at this time.
Although the selected plants are no longer operational, it does not automatically mean that prices for those cars will increase. The availability of inventory at dealerships will ultimately determine the pricing.
According to the car shopping app CoPilot, the following models from the Big Three have the lowest supply:
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