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

Canada

7130 readers
288 users here now

What's going on Canada?

Communities

🍁 Meta

πŸ—ΊοΈ Provinces / Territories

πŸ™οΈ Cities / Regions

πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

πŸ’» Universities

πŸ’΅ Finance / Shopping

πŸ—£οΈ Politics

🍁 Social & Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca
70
Kia is holding imported cars on locked compounds, rather than sell or deliver them. (www.cbc.ca)
submitted 9 months ago* (last edited 9 months ago) by swordgeek@lemmy.ca to c/canada@lemmy.ca
16 comments fedilink hide all child comments
 

"New Kia cars are not being released to Ontario dealerships β€” and reportedly many more across the country β€” to sell. Instead, they’re being stored on this compound, 30 kilometres south of Kitchener, Ont. and allegedly on other similar compounds across Canada."

you are viewing a single comment's thread
view the rest of the comments
[–] reddig33@lemmy.world 30 points 9 months ago (2 children)

β€œThe 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 9 months ago (1 children)

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 9 months ago (1 children)

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 9 months ago

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

[–] aDuckk@lemmy.world 6 points 9 months ago (1 children)

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

[–] shifty51@sh.itjust.works 6 points 9 months ago

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