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Kia is holding imported cars on locked compounds, rather than sell or deliver them. (www.cbc.ca)
submitted 10 months ago* (last edited 10 months ago) by swordgeek@lemmy.ca to c/canada@lemmy.ca
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"New Kia cars are not being released to Ontario dealerships — and reportedly many more across the country — to sell. Instead, they’re being stored on this compound, 30 kilometres south of Kitchener, Ont. and allegedly on other similar compounds across Canada."

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[-] reddig33@lemmy.world 30 points 10 months ago

“The reason for this, he explained in the call, is to avoid appearing too successful in the eyes of headquarters in Korea.”

This sounds made up.

[-] cygnus@lemmy.ca 45 points 10 months ago

It sounds like plausible deniability from what I suspect the real reason is: constraining supply to continue the perception of a shortage and maintain high prices.

[-] Magrath@lemmy.ca 7 points 10 months ago

How long can they do that? I mean they need a constant cash flow to pay for all their overhead. If they start making less cars that also sends a signal.

[-] pacmondo@sh.itjust.works 9 points 10 months ago

If they make enough profit per unit on the inflated pricing to pay their overhead they can

[-] aDuckk@lemmy.world 6 points 10 months ago

Head office would expect even greater growth next year based on the inflated 2023 number, context be damned.

[-] shifty51@sh.itjust.works 6 points 10 months ago

That's the next guys problem. Make the numbers, hit the bonus, bail. Capitalist, baby!

this post was submitted on 19 Dec 2023
70 points (100.0% liked)

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