AUTOS: Grey Market

In one of London's swank West End auto showrooms, the proprietor flicked a bit of fluff from his immaculate morning coat. Said he blithely: "Shocking, of course, but perfectly aboveboard."

What was shocking was the grey market in cars, which had spawned tricks to put U.S. black marketeers to shame. With British car production in low gear and demand in high, many a London dealer was openly selling 1946 models at double the Government ceiling price. The prices were legal because Government ceilings apply only to new cars, and dealers found it...

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