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Tens of thousands of cars were imported this way each year during the 1980s. [20] The vast majority of these imports were by individuals importing just one car. [25] [19] Many otherwise unavailable vehicles entered the US via the grey market, like the Citroën CX, [23] [26] Range Rover Classic, Renault 5 Turbo, and Mercedes-Benz G-Class. [27]
As of November 2022, these are the only cars that have been approved for import under the Show or Display exception. [7] Some of these models have since passed the 25 year mark, meaning that both they and even the less-limited versions of the same car (i.e., the non-Nismo Nissan Skyline R32) are exempt from import restrictions anyway. [8] [9]
A Japanese-market Toyota Crown S170 in the United Kingdom.The model has never seen an official release in the country and was registered in May 2019. Japanese used vehicle exporting is a grey market international trade involving the export of used cars and other vehicles from Japan to other markets around the world since the 1980s.
In practice, the gray market involved a few thousand cars annually, before its virtual elimination in 1988. [28] In 1998, NHTSA exempted vehicles older than 25 years from the rules it administers, since these are presumed to be collector vehicles. [23]
When the rule finally arrives, the FTC said it should save car shoppers in the U.S. more than $3.4 billion each year, along with an estimated 72 million hours spent shopping for vehicles.
In 2004, importing JDM cars became popular in Canada as highly sought after vehicles, such as the 1989 Nissan Skyline GT-R, became eligible to import under Canada's 15-year rule. [10] In contrast, importing grey market vehicles into the United States is much more difficult. [11] To avoid regulatory problems, most private individuals wait until ...
The 1/10th rule for car buying is a budgeting strategy advanced by the Financial ... If you make the median household income of about $62,000 a year, don’t spend more than $6,200 on a car. ...
MILAN (Reuters) -Automaker Stellantis said on Thursday it shared U.S. President Donald Trump's goal of building more cars in the United States, as it thanked him for granting a one-month exemption ...