re: Should I wait to buy a used vehicle?

I was looking at a 4Runner or Pathfinder a few months ago and decided to wait.

quote:

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UAW is going on strike 9/14…I wouldn’t be surprised to see prices go up

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What seems to be driving this is that the UAW has a new president and he's wanting to prove he has balls. He's demanding something like a 48% salary increase (for all UAW employees), a 32-hour work week and a return to pensions.

The current contract already doubles pay from ~$37k/year (for people just starting) to ~$66k/year in just four years (now add annual raises onto that $66k/year going forward).

The car market is about to hit a big crush of excess inventory as manufacturers have rushed to meet pre-interest-hike demand while rates have been climbing. That and the big jump in prices over the last few years means new vehicles are moving out of the reach of many (unless they're signing loans for almost as long as some mortgages), which means fewer will need to be built (so fewer workers will be needed until this corrects). In other words, pushing an insane deal like this will be far more likely to force manufacturers to cut jobs, thus hurting workers far more than helping them.