Potential for a lot of grey market cars

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Potential for a lot of grey market cars

Postby amirite » Fri Oct 20, 2017 10:02 am

This seems like a huge potential that an influx of grey market cars will be coming our way:

https://www.cnbc.com/2017/08/29/a-half-million-flooded-cars-and-trucks-could-be-scrapped.html

Meanwhile, not all of the flooded vehicles will wind up in the salvage yard. Many will be cleaned up and resold, often without the new buyer realizing they are buying a salvaged car or truck.

"It's going to happen, that's inevitable," said Frank Scafidi with the National Insurance Crime Bureau. "Look at all those vehicles floating around. There are people who will try to take advantage of the situation."
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Re: Potential for a lot of grey market cars

Postby YaTingPom » Fri Oct 20, 2017 10:11 am

Pretty much all cars in Cambodia are "grey market". Grey just means not officially imported.

Khmers have been selling ex scrappers for years.
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Re: Potential for a lot of grey market cars

Postby Stramash » Sun Oct 22, 2017 11:31 am

Myanmar and Cambodia are pretty much the scrap yard of the region. 7/10 ASEAN countries prohibit 2nd hand imports. Most of the grey importers avoid VAT too, though CAIF are trying to end both these factors. You may save some initial cash buying from the grey market, but a lot of the time those savings will be eaten up by maintenance costs
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