Ford CEO: "Average wait is 2 weeks" to get your car fixed "We don't have mechanics

Ford CEO: "Average wait is 2 weeks" to get your car fixed. "We don't have mechanics."

Yahoo Finance

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0:00

This morning when I woke up, there were 6,000 bays in our dealerships with no technicians.

0:05

So I can't get my car fixed?

0:06

Nope.

0:07

Two weeks. Average wait is two weeks. Not because we don't have the parts, we don't have the mechanics. Factory workers, construction workers, farmers, all the people that move things, truck drivers, rail workers, and people fix things, plumbers, electricians, HVAC, all the people that basically work with their hands.

0:26

Why is there a shortage of these workers? Well, it's a complicated problem, but there is, let's put it that way, literally a million openings right now, technicians and dealerships working on cars. At Ford, we have 6,000, probably 400,000 repair technician shortages across the economy.

0:43

First of all, the productivity has not caught up with the white collar. In fact, it's gone down over the last 20 years. Number two, the jobs aren't as glamorous as a white collar job from college. And I think the permitting and all the regulations

0:56

And I think the permitting and all the regulations has really stunted the growth of these kind of jobs.

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