So wtf is going on with this UAW strike? Midnight deadline right? Will it happen?

[Shanti Shanti Shanti]

[Srkdqltr]

1. Yes. Most likely.

[piddyprints]

2. Looks like it.

We have had a Jeep on order since June and it finally went to production yesterday. Guess it'll be a long wait. It was supposed to take 4-6 weeks from order date.

The workers are being taken advantage of, so it's clear that something needs to change. Just not sure Fain is budging on anything. 40% increase in pay and work week reduced from 40 to 32 hours seems a bit over the top to me. I totally agree with a lot of the other stuff, but it's not looking like the companies are going to give much there.

Scary what it will do to the already ridiculous price of new vehicles, the economy, etc. This is where corporate greed has led us.

[Elessar Zappa]

3. They're probably asking for a lot so

they can get half. That’s my guess at least.

[piddyprints]

4. I hope so.

But at this point it's not looking like they would accept half. It's hard for me to believe that they'll get it all solved in 5 hours.

[Celerity]

6. the automakers want a non-union EV sector

https://www.democraticunderground.com/100218268701

[yellowdogintexas]

7. Not to mention the price of used cars finally beginning to drop

I have been putting off getting a car. If the strike runs too long, then used car prices will start to get insane again

[piddyprints]

9. Yes.

Used car prices are so close to new car prices that it's almost worth it to buy new, at least later model years.

[marble falls]

5. The auto companies have a glut of new cars on the lot, they might like to shutter the plants for ...

... a couple months until after the holidays.

[Meadowoak]

8. Do they? I'm in KY, and all the dealers here, just have a few cars.

That's it. Maybe 5 or 6 cars. I stopped at the Honda dealership, and they had zero cars, they said they sell faster than they can get them in. Is that just here in KY, or is that going on everywhere?

[marble falls]

12. New Car Market: Prices Are About To Plummet -- Is Now the Right Time To Buy?

https://finance.yahoo.com/news/car-market-prices-plummet-due-153706713.html

The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of vehicles will lead to a price war that sends prices plummeting.

New Car Market: Ford, Tesla Drop Prices by Up To 20% Thanks To Millions of Unwanted EVs
Learn: How To Get Cash Back on Your Everyday Purchases

A report from UBS estimates that global car production will exceed sales by 6% this year, leaving an excess of 5 million vehicles that will require price cuts to get sold off of lots, Yahoo Finance reported. Those price cuts could be coming in this back half of 2023, and automakers are preparing for a price war. Some electric vehicle makers are already slashing prices.

“Given the bullish production schedules, we see high risk of overproduction and growing pricing pressure as a result,” UBS said in a note to clients. “The price war has already started unfolding in the EV space, and we expect it to spread into the combustion engine segment [during the second half of 2023].”

Makers of family cars are most likely to suffer from price cuts, the analysts said, while luxury carmakers are expected to hold up better.

EV makers might take a major hit due to the combination of soaring energy costs and high prices that put many consumers out of reach, Yahoo Finance noted. In January, Elon Musk’s Tesla slashed the price of its cars by up to £8,000 in the U.K. Some of its cheaper models are now around the same price range as mass-market brands such as Kia.


Ford Motor Company and Lucid are among the other car manufacturers that have reacted to Tesla’s cuts by lowering their own EV prices, according to the Proactive Investors website.

An August report from Kelley Blue Book found that new EV prices dropped about 19% from June of last year. Average new car transactions are still pretty flat, but that could change soon. “We can tell you that new vehicle price inflation has almost disappeared this year,” the report said.

[piddyprints]

10. Really? Where's that?

I was looking for a new car over the summer and not one showroom had any new cars inside and precious few outside.

[marble falls]

13. See above. Your dealer is cutting his inventory to keep his debt down.

[roamer65]

11. Much less people want to buy cars at 8 percent interest.

…and with higher gas prices people will want more fuel efficient ones eventually.

I suspect it will be a long shutdown so they draw down inventories.

I’m done buying new cars and I don’t hafta buy used for another 5-10 years, so I could care less.

[Shanti Shanti Shanti]

16. Yeah, I am on the Toyota bandwagon, wont need a new car for a long time, lol

[MichMan]

14. I think it is inevitable

The companies aren't likely to agree with a 36% wage increase, 32 hour workweek at 40 hour pay, retroactive restoration of pensions (401k has been in place for anyone hired after 2007) and full heath care insurance for all past and future retirees.

Getting agreement on the Tiers and COLA is a lot more doable. Not sure about getting agreement on the ability to strike to stop any plant closures or mass layoffs.

Both sides may be entrenched for awhile. Not optimistic it will be settled quickly

[Emile]

15. Management have been good teachers on what to negotiate for.

Unions want what management gets.

[Srkdqltr]

17. Strike. Wayne assembly is out. Ford. Fane is on his way there now.

[Shanti Shanti Shanti]

18. Won't the companies just move more manufacturing to Mexico?

[roamer65]

19. Not easy.

Specific plants are tooled for specific models.

Broncos are made at Wayne Assembly and they are apparently a big seller right now.