Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
Combined sales into large rental, commercial, and government buyers were down 36% year over year in January.
The shutdowns come to fight the spread of COVID-19/coronavirus after workers at multiple plants tested positive.
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