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202328 Sep

The Impact of the UAW Strike on the Auto Repair Industry

Summary

Inflation has the immediate impact of rising prices for everyday living expenses coupled with increasing interest rates which make major purchase such as homes and new cars less affordable. The push toward electric vehicles portends a future in which there will be much less work for auto workers. The UAW strike primarily affects the big three automakers – Ford, GM and Stellantis (Chrysler). One potential impact on the automotive repair industry could be in supply chain disruption and parts availability. There’s no telling how long the strike will last but the effects will be felt and the quicker the union and companies reach an agreement – the better.

Source: Fasttrakauto

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