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WSJ Your Money Briefing

UAW Strike: How Car Buyers Could Be Affected

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 18 September 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

Walkouts by United Auto Workers at several GM, Ford and Stellantis factories come as the auto industry was beginning to stabilize following the pandemic. Wall Street Journal reporter Rachel Wolfe joins host J.R. Whalen to explain how consumers shopping for cars, new or used, are likely to be impacted by the strike. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:26.8

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0:32.5

Here's your money briefing from Monday, September 18th.

0:35.6

I'm JR Whalen for the Wall Street Journal.

0:40.5

The longer the strike by thousands of united auto workers against the big three car makers'

0:44.8

lasts, the more consumers are likely to feel the pinch when shopping for a new car or bringing

0:50.0

their car to the repair shop. It would likely put pressure on new car prices that surge

0:55.3

34% during the pandemic and were at a record of almost $52,000 in August.

1:03.2

We'll talk to Wall Street Journal reporter Rachel Wolfe after the break.

1:20.6

The auto industry is bracing for the possibility

1:23.2

that the strike by thousands of workers could expand into a broader work stoppage.

1:27.6

How is this likely to affect consumers in the market for a new or used car?

1:32.0

Wall Street Journal reporter Rachel Wolfe joins me.

1:34.9

So Rachel, it seems like the big three auto makers were just getting back on their feet

1:39.3

after disruptions caused by the pandemic. What's the recovery process been like?

1:44.3

So after three years of surging prices, limited choices, and long waits,

1:48.9

the new and used markets were just starting to stabilise.

...

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