this post was submitted on 19 Dec 2023
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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 โ€” and reportedly many more across the country โ€” to sell. Instead, theyโ€™re being stored on this compound, 30 kilometres south of Kitchener, Ont. and allegedly on other similar compounds across Canada."

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[โ€“] cygnus@lemmy.ca 44 points 10 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.

[โ€“] Magrath@lemmy.ca 7 points 10 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.

[โ€“] 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