FOX Business' Grady Trimble speaks with General Motors CEO Mary Barra amid the United Auto Workers' strikes.are officially on strike against the Big Three Detroit automakers, a move that threatens to strain vehicle supply and send prices marching higher.new or used vehicle"If the strike gets kind of widespread, it’s not really just the Detroit automakers that will see higher prices," Tyson Jominy, vice president of data and analytics at JD Power, told FOX Business.
Supporters and workers cheer as United Auto Workers members go on strike at the Ford Michigan Assembly Plant in Wayne, Michigan, on Friday. "They seem to be targeting a space that has very limited inventory to begin with," Jominy said. "So if you’re a consumer, and you’re looking for a mid-sized pickup truck — meaning Ranger and Colorado and a few others — you may find very tight inventory and higher prices almost immediately in those segments where they’re striking."Vehicle prices are currently about 4% below the peak level reached last year during the supply chain crisis, he said.