Monday, January 06, 2014

Gray Market: Exporting BMWs from the US to China

iStock/Thinkstock
As Quartz indicates in the headline, this may be illegal:

How to export BMWs from the US to China for fun and profit (Note:  this is possibly illegal).

Operating in a gray market is a form of international trade that still exists and is oftentimes referred to as a “parallel market.” If you want to get a better handle on what parallel importing is, I provide an example of parallel importing and touch on the lawfulness of parallel importations here.

Learn more about how people are making money off illicitly trading automobiles:

A Profitable Trade:  Illicitly Shipping BMWs to China (WSJ.com)

Before you attempt to export or import cars, check with the manufacturer to see if they have a "no export" provision in their policy and also check the agreement with the car dealership to make sure they don't have a clause within it stating "you agree not to export this car at all or within a specific period of time."

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