CBT News, Sept. 19, 2023 – Encouraging news of improving sales and affordability over the third quarter arrived amidst a backdrop of concern over a possible labor strike as the deadline for United Auto Workers leaders and Detroit-Three car manufacturers to negotiate a contract drew steadily closer. Now, 13,000 employees are staging a walkout at Stellantis, General Motors and Ford plants across the country, threatening not only OEM production but dealership revenue as well.
On this episode of Inside Automotive, host Jim Fitzpatrick joins Jonathan Smoke, chief economist at Cox Automotive. Smoke has spent his career laser-focused on the U.S. car market and recently oversaw the creation of his company’s third-quarter Dealership Sentiment Index report, a survey identifying the expectations held by car dealers across the country. Having carefully examined the potential impacts of a United Auto Workers strike, he now joins the show to discuss what dealers are expecting to see in the coming months as events continue to unfold in Detroit.