Skip to comments.Why it's almost impossible to buy a new car in oil-rich Venezuela
Posted on 10/04/2013 4:27:57 PM PDT by Kid Shelleen
Venezuela, where it only costs a couple of bucks to fill up your tank, would seem like a great place to buy new car. That's if you can find a new car. They're in very short supply. "Cars are so scarce, they appreciate the minute you buy them and put them on the street -- almost 35-30 percent," says Robert Forester, who runs a Nissan dealership in the capital Caracas.
But, he says he hasn't had any new cars to sell since 2008, when the government of the late Hugo Chavez imposed limits on car imports to boost the national auto industry.
It's not just a lack of supply. With high inflation and government mandated-currency controls, Venezuelans are flocking to buy cars to safeguard their savings.
(Excerpt) Read more at pri.org ...
Which is something the so-called rightists on this site need to think about before they demand we put up barriers to trade in order ro "bring back American jobs."
Venezuela has an auto industry? Who knew.
I remember when Reagan put tariffs on Japanese motorcycles to help Harley Davidson stay in business. Thriving motorcycle dealerships and all the jobs that went with them went out of business overnight. It got to where it was impossible to get parts or tires.
I have two new cars, but I’m happy making payments on them. When the dollar collapses, the payments will be made with worthless paper.
I wonder what Joe Kennedy would say about this?
Did 3 mission trips to VZ 02-07, armed like every old car I ever saw had gone on to the afterlife there.
The plates stay with the csr so even the old junkers had the plate # etched into multiple windows to discourage theft.
Everyone wanted a new Ford Explorer.
“I have two new cars, but Im happy making payments on them. When the dollar collapses, the payments will be made with worthless paper.”
That’s how I view my mortgage; when a gallon of gas costs $20 I’ll still have the same mortgage payments.