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Tuesday, October 29, 2013

Why Venezuela's used cars are making a comeback


Why Venezuela's used cars are making a comeback

7 hours ago
Venezuelans are investing their savings in used cars rather than putting their money in banks as a combination of currency controls and high inflation stifle the country's economy.
Paradoxically, older cars are cheaper because newer models are so difficult to get hold of with many car dealerships sitting empty.
Irene Caselli reports from Caracas.