Since the beginning of the 2023 calendar year, vehicle inventory levels have been steadily rising across the United States as the effects of supply chain-related constraints are addressed. However, with the current UAW union’s widespread strikes on the Big Three, brands like Chevy could see a notable drop in its days supply figures as the ‘Stand Up’ strikes continues.
As of September 2023, Chevy was running at a 57 days supply. For comparisons sake, a 60 days supply is considered optimal across the automotive industry. However, this strong inventory level may not last forever.
As of the time of this writing, there are no outwardly signs that the UAW strikes are currently taking place, as Cox Automotive noted that the impacts have thus far been quite muted. Nonetheless, the UAW expanded strikes against General Motors and Ford in late September 2023, so a ripple effect might be noticeable sometime in October 2023.
Moving forward, it’s uncertain exactly how the strikes will play out. As the Big Three continue to bargain with the UAW, the union may decide to lessen its strikes if it receives what it perceives as good progress in negotiations, similar to how Stellantis was spared from the recent strike expansions. Notably, the UAW has yet to target full-size truck and SUV production, the automakers’ most profitable vehicles.
In regard to Chevy specifically, both the GM Wentzville plant in Missouri and the GM Lansing Delta Township plant in Michigan are experiencing a strike. From there, the union may decide to target the GM Arlington plant in Texas, which produces vehicles like the Chevy Silverado, in order to attempt to corner General Motors into a deal.