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Books > Business & Economics > Industry & industrial studies > Manufacturing industries > Road vehicle manufacturing industry
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The Automotive Gray Market - An Inside History (Paperback)
Loot Price: R727
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The Automotive Gray Market - An Inside History (Paperback)
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In the 1970s, as car enthusiasts in the U.S. grew bored with models
manufactured under tightening pollution and safety regulations,
some innovative dealers exploited a legal loophole-designed to
allow U.S. soldiers and diplomats to return from abroad with their
vehicles-to import exotic cars never intended for sale in America.
During the 1980s, a rise in the value of the dollar made car
shopping in Europe a bargain hunter's dream. A network of
unauthorized "gray market" dealers emerged, bypassing factory
channels. Middle-class Americans suddenly found they could afford a
Mercedes or BMW. These cars had to pass through U.S. customs,
equipped to handle only a few independent imports annually. As
applications ballooned, the regulatory system collapsed. This is
the story of a misunderstood but fascinating period in the
automotive industry, when creative importers found ways to put
American motorists in new Ferraris while the EPA and DOT were
backed up with mounds of paperwork.
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