9/18/2023 0 Comments Los angeles jdm imports![]() As a result, the dollar appreciated nearly 50 percent against the yen, deutsche mark and other European currencies. By March 1980, the federal funds rate was 20 percent. Federal Reserve Chairman Paul Volcker to dramatically raise interest rates. The stagflation crisis of the 1970s pushed U.S. Unlike today, there was no prohibition on importing a new Euro-Benz.īetter yet, they were cheap. They kept coming because German-spec Mercedes offered horsepower and features not available in American-market Mercedes. I had a good reputation, and they kept coming.” “I was selling high-dollar cars to people paying in advance. “I had so many orders to fill, I couldn’t keep up,” he says. The romance of being a young American expatriate living in Southern Germany was enriched by the lucrative automotive gray market.Īs the decade began, Americans were avidly seeking out German-market Mercedes 500SELs and 280s, and de Board was selling them as fast as he could. The early 1980s were a golden time for Douglas de Board.
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