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.

  • IamSparticles@lemmy.zip
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    1 year ago

    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.

    • fred-kowalski@artemis.camp
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      1 year ago

      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”.