14 Facts About Grey market

Grey market products are products traded outside the authorized manufacturer's channel.

Grey market goods are often new, but some grey market goods are used goods.

Sometimes the term dark Grey market is used to describe secretive, unregulated trading in commodity futures, notably crude oil in 2008.

Import of legally restricted or prohibited items such as prescription drugs or firearms, on the other hand, is considered black Grey market, as is the smuggling of goods into a target country to avoid import duties.

Beyond cost issues, grey market cars provide consumer access to models never officially released.

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The grey market provided a clear signal to these manufacturers that the United States had significant demand for these cars, and their present-day US model descendants remain popular.

Grey market importers are trying to import some of these models into Japan but it is permitted due to lack of restrictions imposed on them, unlike in other countries.

Grey market securities have no market makers quoting the stock.

Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investors' bids and offers are not collected in a central spot so market transparency is diminished and effective execution of orders is difficult.

In India, the unofficial grey market trades are very common for the initial public offering.

Financial Times has stated that the market is over a billion dollars for grey market Swiss watches such as Rolex, Breitling, IWC, Cartier, Patek Philippe SA, Audemars Piguet, Breguet and Bvlgari.

Parties most opposed to the grey market are usually the authorised agents or importers, or the retailers of the item in the target market.

Correspondingly, the grey market has found support from most ideological tendencies.

Grey market has been a constant source of litigation and appeals in the United States.