Lotlinx Weekly News Vol. 290: Closing the door on the UAW strike

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Industry roundup:

FROM AUTOMOTIVE NEWS: EV transition slows as inventory grows and industry hits hurdles

Automakers are reassessing their EV launch timeliness after a plateau in EV sales due to slow demand, range anxiety, and installation costs. As of September, the average EV transaction price was $50,683, $3,000 higher than gasoline vehicles, further slowing EV adoption.

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FROM AUTO REMARKETING: Used-car retail prices not likely to soften much further

The retail used-car market is leveling off, with pickup truck and luxury SUV prices declining by $400 month-over-month, while other segments saw declines of $100. The used commercial vehicle market saw slowing sales but remains ahead of year-ago figures.

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FROM CAR AND DRIVER: Most popular cars in every state

A recent survey shows pickup trucks are the most favorable vehicle in 32 U.S. states, with the Ford F-150 being the most popular in 20 states. Only a mere 3 states favor sedans, with the rest leaning towards SUVs or crossover vehicles.

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FROM BUSINESS INSIDER: The UAW strike is over after 46 days. Here are the details of their contract that will leave some workers making up to $42 an hour

The 46-day UAW strike concludes with agreements at all major Detroit automakers, securing substantial pay raises of up to 25% with ongoing increases until April 2028. These negotiations were influenced by challenges in EV manufacturing and competition with non-unionized competitors.

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