Rachel Wolfe

speaker

900 appearances 20 recordings 1 series first heard Mar 2022 last heard May 2024

Rachel Wolfe’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · UAW Strike: How Car Buyers Could Be Affected · 18 Sep 2023 podcast

So at the end of August, Stellantis, whose brands include Ram, Chrysler, and Dodge, had 74 days worth of unsold inventory.

Ford had 64 days and GM had 50 days.

The industry's average was 38 days.

So these three are above that average, which means that if it's a short strike, it's possible that these automakers will be able to weather it without consumers seeing all that much disruption.

A protracted strike is different.

It would likely put pressure on new car prices that surged 34% during the pandemic and were at a record of almost $52,000 in August.

So if a strike were to last longer than a couple of weeks, like it did at GM back in 2019, consumers could be seeing some much higher prices and lower supply of popular models.

There are still deals, surprisingly, especially if you're willing to look past the most popular sellers.

So if a vehicle sits on a lot for more than 90 days, some dealerships start to slash prices and offer discounts.

So what consumers would want to look for are less sought-after models.

Think the Chrysler 300, the Chrysler Pacifica minivan.

They might fit the bill.

Electric cars, surprisingly, could also be more of a bargain than their gas-powered counterparts.

EV inventory is at 78 days on average, and some models are even more than that.

So the Ford Mustang Mach-E is at 111 days, the Nissan Leaf is at 112 days, and the Nissan Ariya is at 122 days.

So again, the longer a car sits, the more supply there is, the more likely you are to find a deal.

So just like we saw during the pandemic, when new models are harder to come by and more expensive, people start to look at the used car market.

So in the case of a protracted strike, popular used car models could shoot up in price.

Again, emphasis on the popular models.

You could still potentially find a deal on less popular cars, but just like during the pandemic when demand for used vehicles surged and inventories dwindled nationwide,

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