Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Venezuela's International Appetite for Stolen Luxury Cars

Venezuela's International Appetite for Stolen Luxury Cars

Specialist gangs have been caught smuggling expensive vehicles from Colombia into Venezuela, shining a spotlight on how an increasingly dollarized economy has allowed a black market for luxury goods to thrive.

In late September, thieves hijacked a Toyota Prado TXL assigned to a local congressman in the Colombian border town of Cúcuta, holding his bodyguard hostage while they fled towards Venezuela in the vehicle, according to La Opinión. The car was one of three Toyotas stolen in the town over the course of two days.

The thefts were part of a string of similar crimes across the border department of Norte de Santander. The cars are stolen by specialist gangs, including the aptly-named “Los Toyoteros,” and then trafficked into Venezuela via informal border crossings controlled by Colombian criminal groups.

According to Colombian authorities cited in La Opinión, 84 cars and 421 motorbikes have been stolen during 2021 in Cúcuta alone, 90 percent of which end up in Venezuela.

The Venezuelan market for illicit vehicles is well-established. According to a judicial source who spoke to El Heraldo in 2020, cars are stolen in other Colombian cities like Barranquilla and then resold in the border regions so that they can be smuggled to the neighboring country.

There is at least one reported incident of a senior Venezuelan Army officer using a vehicle stolen in Colombia without a license plate in Barquisimeto.

In July 2020, Venezuelan authorities charged several high-ranking officials from the National Institute for Land Transport (Instituto Nacional de Transporte Terrestre – INTT) with illegally registering as many as 1,000 smuggled cars, according to sources linked to the case who spoke to El Pitazo.

InSight Crime Analysis


Networks moving stolen vehicles into Venezuela are now operating across the Americas, with the country’s wealthy elite wanting access to expensive goods through legal and illegal means alike.

Despite the country’s dire economic crisis, with over 75 percent of the population living in extreme poverty, the rise of a parallel dollarized economy has benefited the wealthy.

Those with plentiful funds in dollars have access to a lavish lifestyle. A Ferrari dealership even opened in northern Caracas this year. Delivery services offer sparkling wines, cigars and books, all imported from abroad.”The government no longer harasses the small private sector and has allowed dollarization to advance,” one economist told Bloomberg.

Black market smugglers appear to be cashing in on this trend as well. According to Venezuelan Attorney General Tarek William Saab, the cars legalized through the criminal network in the INTT had origins in Brazil and Chile, as well as Colombia.

Even cars from the United States have made their way into Venezuela’s illegal market. In July 2020, 81 vehicles, including Lexus and Mercedes cars, were seized in Florida before they could be shipped illegally to Venezuela.

In comparison, just one car was produced domestically in the first half of 2021, a dramatic collapse compared to the 24,223 vehicles made in Venezuela between January and March of 2011.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
European manufacturers against ban on polluting cars: "The industry may collapse"
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
U.S. and China Agree on Framework to Shift TikTok to American Ownership
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
The New Life of Novak Djokovic
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
×