Hyundai's German dealers aim to stop gray-market sales.(News)

Automotive News Europe,  April, 2007  

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Byline: Bettina John Automobilwoche

Hyundai dealers in Germany plan to set up a trading company to beat gray-market sales.

The company will help Hyundai's German dealers buy the brand's cars in low-cost EU countries for resale in Germany.

The move aims to beat re-importers, who exploit price differences within the EU by purchasing vehicles in low-price countries and reselling them in high-price countries

Such sales accounted for 14 percent of Hyundai's 52,000 new-car registrations in Germany last year. ...

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