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.
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”.