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  • AMC Gremlin

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    The AMC Gremlin (also American Motors Gremlin ) is an American subcompact automobile introduced in 1970, manufactured and marketed in a single, two-door body style in America (1970-1978) by American Motors Corporation (AMC) — as well as in Mexico (1974-1978) by AMC's Vehículos Automotores Mexicanos (VAM) subsidiary. Featuring a shortened Hornet platform and bodywork with a pronounced, almost vertical tail, the Gremlin was classified as an economy car by 1970s U.S. standards and competed with the Chevrolet Vega and Ford Pinto, as well as imported cars that included the Volkswagen Beetle and Toyota Corolla. The small domestic automaker marketed the Gremlin as "the first American-built import". The Gremlin reached a total production of 671,475 over a single generation — and was superseded by a (thoroughly) restyled variant, the AMC Spirit.

  • Grey import vehicle

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    Grey import vehicles are new or used motor vehicles and motorcycles legally imported from another country through channels other than the maker's official distribution system. The synonymous term parallel import is sometimes substituted. Car makers frequently arbitrage markets, setting the price according to local market conditions so the same vehicle will have different real prices in different territories. Grey import vehicles circumvent this profit maximization strategy. Car makers and local distributors sometimes regard grey imports as a threat to their network of franchised dealerships, but independent distributors don't mind since more cars of an odd brand bring in money from service and spare parts. In order for the arbitrage to work, there must be some means to reduce, eliminate, or reverse whatever savings could be achieved by purchasing the car in the lower priced territory. Examples of such barriers include regulations preventing import or requiring costly vehicle modifications. In some countries, such as Vietnam, the import of grey-market vehicles has largely been banned.

  • Vehicle leasing

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    Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay. The key difference in a lease is that after the primary term (usually 2, 3 or 4 years) the vehicle has to either be returned to the leasing company or purchased for the residual value.

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