How The Auto Workers Strike Is Affecting Car Value, Used Vehicle Stocks
Portfolio Pulse from Aaron Bry
The United Auto Workers (UAW) union plans to strike against the major U.S. auto manufacturers, demanding pay increases and shorter work weeks. This could impact the value of cars, potentially increasing used car prices. Stocks of used car companies like Carvana Co, CarMax, AutoNation, and Vroom may benefit. The strike could also be beneficial for car rental companies like Avis Budget Group and Hertz Global Holdings. The 'big three' auto companies may need to focus more on capital discipline post labor negotiations.
September 15, 2023 | 3:11 pm
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POSITIVE IMPACT
AutoNation Inc could see a boost in its stock price due to potential increase in used car prices.
The strike could limit the supply of new vehicles, leading to an increase in used car prices. This could benefit used car companies like AutoNation Inc.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Avis Budget Group Inc could benefit from the strike as it could lead to increased demand for rental cars.
The strike could limit the supply of new vehicles, leading to increased demand for rental cars. This could benefit car rental companies like Avis Budget Group Inc.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Carvana Co could see a boost in its stock price due to potential increase in used car prices.
The strike could limit the supply of new vehicles, leading to an increase in used car prices. This could benefit used car companies like Carvana Co.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hertz Global Holdings Inc could benefit from the strike as it could lead to increased demand for rental cars.
The strike could limit the supply of new vehicles, leading to increased demand for rental cars. This could benefit car rental companies like Hertz Global Holdings Inc.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
CarMax, Inc could see a boost in its stock price due to potential increase in used car prices.
The strike could limit the supply of new vehicles, leading to an increase in used car prices. This could benefit used car companies like CarMax, Inc.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Vroom Inc could see a boost in its stock price due to potential increase in used car prices.
The strike could limit the supply of new vehicles, leading to an increase in used car prices. This could benefit used car companies like Vroom Inc.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80