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February 15, 2008

Mercedes & Audi Warn U.S. Dealers to Stop Exports

No thanks to the weak dollar, the U.S. car market has become a very attractive market for overseas buyers looking to take advantage of the current exchange rates that favour several currencies including the Euro.

According to a report from Automotive News, Mercedes-Benz & Audi USA have discovered a significant number of cars designated for the U.S. ending up in the hands of overseas buyers. Neither company knows the exact number of exported vehicles –at least that’s what they support. While the two German luxury carmakers say that they won’t take immediate actions, they did warn their dealers that in doing this, they could be violating their franchise agreement.

Via: AN (sub. Req.)