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Used Vehicles Do Not Depreciate in Venezuela

Posted on: Dec 16 2014 - 11:20am | #0
In: Venezuela News
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A bare-bones 2012 Toyota Corolla is worth nearly US$40,000 in Caracas today, shooting up 100 percent in value since January (Photo courtesy of: Noticias 24)

TODAY VENEZUELA – Given the decline in vehicle production, which in October 2014 stood at 81.6% according to the Venezuelan Automotive Chamber, and therefore, given the lack of availability of new cars, used cars are revalued rather than depreciate as naturally occurs in any other country. Global investors are always hunting for tips on emerging markets. Making money in the submerging markets of Venezuela is a little different. The struggling South American country has one of the world’s highest inflation rates, 63 percent, and its industrial output has imploded in recent years, mostly the result of convoluted foreign-exchange controls and a wave of nationalizations by the socialist government. Yet there is one thing Venezuelan...

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Sale of air tickets suspended for four Venezuelan airlines

Officials of the Venezuelan National Civil Aeronautic Institute (INAC) implemented the measure against local airlines Conviasa, Aeropostal, Aerotuy, and Aserca Airlines following an inspection at Maiquetía international airport   VENEZUELA NEWS (EL UNIVERSAL) — The Venezuelan National Civil Aeronautic Institute (INAC) temporally suspended air ticket...

Posted on: Nov 3 2014 - 9:40am | #0
In: Venezuela News
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Posted on: Nov 3 2014 - 9:36am | #0
In: Venezuela News
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We Are All Under Suspicion

Alleged cases of arbitrary detention meted out as exemplary sanctions for voicing opinions, reporting news, exercising legitimate rights, and even for raising one’s voice over...

VIDEO: New dinosaur 'may be in T-Rex family'

Scientists think that a newly discovered species of dinosaur, whose remains were found after 20 years of excavation in Venezuela, maybe related to the Tyrannosaurus Rex. Source: BBC...