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REV. Why are used cars in Venezuela a thriving industry?

16.10 18:15 Dauer: 15 Minuten

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In Venezuela demand for second-hand vehicles is huge, and they are even used as investments - a hedge against inflation so voracious it makes no sense to park money in a bank account. "Only in Venezuela can the price of used cars go up", said a man as he leaned against a 1995 Ford Lariat he wants to sell at a tidy profit of 8,000 bolivars, or 1,860 dollars, after owning it for three months.

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