The United Auto Workers expanded its strike against major automakers Friday, walking out of 38 General Motors and Stellantis parts distribution centers in 20 states.
Another 5,600 additional workers joined the strike on top of the 13,000 of the 146,000 members that began the strike one week ago.
Ford was spared additional strikes because the company has met some of the union’s demands during negotiations over the past week, said UAW President Shawn Fain.
“We’ve made some real progress at Ford,” Fain said during an online presentation to union members. “We still have serious issues to work through, but we do want to recognize that Ford is showing that they are serious about reaching a deal.”
“At GM and Stellantis, it’s a different story,” he said. Those companies, he said, have rejected the union’s proposals for cost-of-living increases, profit sharing and job security.
and used care prices are spiking again because of it. I personally bought a car for 12,000 about 7 years ago, put 80k on it in that time. I just transferred ownership of it to my business and it valued out at $10,000 now, 6 months ago it was $6,000.
Manufacturers don’t make used cars.
She means, people are expecting this strike to impact the availability of new cars, which is making used ones more valuable.
Ding ding ding.
Dealerships make money on used cars and parts/repairs. New cars are usually a loss for them
someone made them. and if new ones aren’t rolling off the line people will buy used ones.
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Used car prices have been overinflated since Covid started. This isn’t anything new
They have, but they dipped pretty significantly last winter. Now it’s almost back up to the covid peak.
speculators…
unless these strikes keep up for real, i doubt there will be enough impact to raise used car prices for real. i am sure koreans japs and germans will step right in. also, many of american cars are made in mexico lol
Jesus the downvotes.
Why does lemmy hate discussion? It’s worse than fucking reddit. Smdh.
because pointing out the real world consequences to actions that people like is a no-no. right, wrong, or indifferent, the economy reacts to news.