Car Prices Hold Steady So Far As UAW Strike Continues

Car prices are not likely to rise for several weeks should the strike continue, economist says.

Row of cars in production line in a factory.
(Image credit: Monty Rakusen, Getty Images)

The United Auto Workers (UAW) strike against Detroit’s Big Three automakers is nearing its sixth week but has not resulted in higher car prices so far, according to a recent Cox Automotive report.

“For dealers and shoppers, there will be no impact for several more weeks to come,” Jonathan Smoke, Cox chief economist, said in the report published on October 19. 

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Esther D’Amico
Senior News Editor

Esther D’Amico is Kiplinger’s senior news editor. A long-time antitrust and congressional affairs journalist, Esther has covered a range of beats including infrastructure, climate change and the industrial chemicals sector. She previously served as chief correspondent for a financial news service where she chronicled debates in and out of Congress, the Department of Justice, the Federal Trade Commission and the Commerce Department with a particular focus on large mergers and acquisitions. She holds a bachelor’s degree in journalism and in English.

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