What are the problems with GREY imports?

Whether it's CCTV cameras, audio equipment or other electronics, by far the most common issue to appear with grey imports is the lack of a warranty. Manufacturers will always provide a warranty for the local market, and this cannot be transferred if a product is sent to a different country.

What is the problem with grey imports?

Grey imports come from outside the EU, often Japan or the USA, so might not comply with UK standards. Grey imports will probably need modifications to meet our safety and emissions regulations.

Will Nikon UK repair grey imports?

Will you repair my Nikon if it has grey import parts? We can repair any genuine Nikon camera. If your camera is from a grey importer and it fails under warranty Nikon UK will not cover that cost and we will have to charge for the repair.

Are grey imports legal?

They are legal and genuine, but imported and sold unofficially.

Why are grey imports cheaper?

The key point is that the manufacturer has sold it into a different (not UK or EU) geographic market, and someone else is then importing it into the UK. Grey imports are normally cheaper, but there are some downsides that you should be aware of – read on for details.

The ‘Grey Imports’ Episode

How to tell if a car is a grey import?

A grey import is a vehicle that enters the country through channels other than the maker's official distribution system and can be sourced from any country. Most grey imports are used vehicles, originating from countries such as Japan, the United Kingdom, Australia or Singapore.

What are the risks of buying on the grey market?

Grey market trading involves a higher level of risk and speculation compared to trading on official stock exchanges. Since these transactions are not regulated, participants may not benefit from the same level of investor protection, transparency, or legal recourse in case of disputes.

Are grey imports genuine?

Grey goods are not illegal, however, because they have not been imported through official channels, if the good breaks, the official supplier will refuse to uphold the warranty. This problem is further intensified when the supplier of the grey good also refuses honour the warranty.

Do Castle cameras sell grey imports?

We do not deal in 'Grey' imported stock from Europe or further afield and do not compare our prices against those who choose to avoid the back-up service of the official importer.

What is the difference between the black market and the grey market?

The black market involves the illegal trade of goods and services, often those that are prohibited by law. This includes activities like smuggling, illegal drug trade, and the sale of stolen goods. On the other hand, the grey market involves the legal, but unauthorized trade of goods.

Is Nikon really buying red?

Nikon's acquisition of RED signals a pivotal moment for the camera industry. By combining Nikon's photographic expertise with RED's cinematic innovation, the partnership offers the promise of transformative advancements in both photography and videography.

How can I tell if my Nikon is grey market?

How can I be sure I'm buying an official Nikon USA product? Remember: the easiest way to recognize gray market is that the product does not include a Nikon Inc USA warranty. Look for, or ask for a Nikon Inc USA warranty whenever you buy a Nikon product.

Is the Nikon DSLR phasing out?

Nikon's Transition from DSLR to Mirrorless

In 2022, Nikon discontinued entry-level *nikon dslr* models like the D3500 and D5600. Today, only the D780 and D850 remain in production, catering to a niche audience. Over 35 F-mount lenses have also been phased out, signalling a clear move towards Z-mount systems.

Why is it called a grey import?

“Grey import” is the term given to cars that were never sold as new in Australia even though they wear familiar badges from Toyota, Nissan, Honda, Mazda and others. No-one knows why they are called “grey” imports. Perhaps it's because they fall into a grey area when it comes to getting them fixed.

What are the cons of the grey market?

Grey goods may not be trusted because customers can never be too sure if they are buying new and original ones, or used. It can be tricky to distinguish one from the other. Customers cannot avail of after-sales services from the manufacturing company if they buy grey market goods.

Is grey market legal in the UK?

Sale of “grey” goods in the UK is a criminal offence under the Trade Marks Act 1994. Grey market goods/parallel imports are genuinely manufactured goods by the trade mark owner, for a particular jurisdiction, that are subsequently imported into a jurisdiction not authorised by the brand owner.

What is the danger to the consumer of buying grey goods?

Safety hazards: In some cases, grey market products may not comply with safety standards or regulatory requirements in the specific market. This poses a risk to consumer safety and could lead to product recalls or legal repercussions.

What is a good grey market price?

A higher GMP indicates a good price at listing and strong interest among investors, while a lower GMP may indicate weaker demand as well. Let us take an example- suppose the IPO of any entity is priced at ₹200 and the investors in the grey market wish to pay another ₹60 as the GMP (grey market premium).

Are gray market goods counterfeit?

Gray market items are products that bear a valid trademark but are imported or sold outside the official distribution channels established by the brand owner. Unlike counterfeit goods found in the black market, these products are authentic but may not be intended to be sold in specific geographic regions.

What to check when buying an imported car?

Considerations with buying an imported vehicle

Check whether the car will require modifications, such as speedometer conversion or lighting adjustments. Also, investigate the availability of parts and servicing for the specific model, as this can impact long-term costs.

What is a parallel import?

Parallel imports (or gray market goods) refer to branded goods that are imported into a market and sold there without the trademark owner's consent in that market.

What is a grey import in the UK?

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 or a third-party channel officially authorized by the manufacturer. The synonymous term parallel import is sometimes substituted.

Why is Canon over Nikon?

Many argue that Canon offer a larger choice of lenses to suit all budgets and needs, from general purpose, EF-S lenses, DO lenses and professional L range. Nikon on the other hand doesn't have a naming label or a lens tier system. At the time of writing, all Canon digital SLR cameras come with photo editing software.

What Nikon camera stopped a bullet?

In 1970, Don McCullin's Nikon F stopped a Khmer Rouge AK47 bullet in Cambodia, saving his life. The Nikon F was “a hockey puck that could take pictures,” according to legendary New York City camera repairman Marty Forscher.