Exciting and a bit nerve-wracking times in the automobile sector! Scott Kunes, our Chief of Operations, recently spoke with FOX Business to discuss some impending shifts in the industry that might affect all of us. Here's what you need to know:
Several prominent car manufacturers are in crucial negotiations with the United Auto Workers (UAW), racing against time to forge new contracts. If an agreement isn't reached soon, we might witness a substantial strike that could stir the dynamics of the automobile market considerably.
At Kunes Auto Group, we are not sitting idly by. Scott divulged that our team, which operates over 40 thriving dealerships across the Midwest, is proactively bracing for any potential disruptions. Drawing from the lessons ingrained from the pandemic-era shortages, we are augmenting our vehicle and parts inventory to ensure a seamless experience for our clientele.
Scott also highlighted the possibility of a steep decline in new car availability each week if the strike materializes. As a result, this could cause used car prices to rise sharply, breaking the usual trend of lower demand and prices during the upcoming winter season.
While the threat of a strike is significant, Scott noted that both the automakers and the UAW are holding strong positions in the current negotiations. The stakes are high, and the outcomes are uncertain, but rest assured, Kunes Auto Group remains steadfast in their commitment to serve customers efficiently.