Auto workers strike will drive up car prices, but not right away
'lots are full of cars now,” says Ivan Drury, the director of insights at Edmunds, a provider of information about the auto industry. He estimates that at current inventory levels and the pace of vehicle sales, most car shoppers shouldn’t notice much change ...UAW began striking at factories that make only a few vehicles...The car companies have plants in Mexico that could keep producing some models...The biggest wild card could be consumer psychology – panic-buying that would drive up prices. “The impact on prices would be almost instantaneous,” Nelson says. “'
Reference: abcnews.go.com
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