In 2007, Canada started requiring all vehicles to have a cheap, effective anti-theft device. The U.S. didn’t. Now, it is paying the price with a surge in Kia and Hyundai thefts.
In 2007, Canada started requiring all vehicles to have a cheap, effective anti-theft device. The U.S. didn’t. Now, it is paying the price with a surge in Kia and Hyundai thefts.
I would think this is a perfect example of why the government has to step in sometimes. Hyundai/Kia failed, and because there’s no regulation in place here, consumers are left holding the bag with no penalty for the corporations.
Agreed. To add, Car loans in the US come standard minimum 60 months, often longer. It’s not a liquid market where consumers can switch easily once they’ve made a buying decision. In my family, we keep cars roughly the same amount of time it takes to rear a newborn to college age. There is very little interaction with “the market”.