Used Car Prices In Venezuela Higher Than New Cars

A significantly high inflation rate of 20% has resulted in a price reversal in the country's automotive market, where a used car is more expensive than a new one. Many economists blame this reversal on President Hugo Chavez's socialist-oriented controls. According to a report carried by the Associated Press, these policies Subscribe to Automotive World … Continued

• By Webmaster
• February 19, 2013