Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

Paraguay becomes South America's used car paradise

Paraguay,Business/Economy, Tue, 21 May 2013 IANS

Asuncion, May 21 (IANS/EFE) Paraguay has become the main destination in South America for used cars from Japan, the US and other countries, thanks to new regulations aimed at making it easier to import automobiles so low-income consumers can purchase vehicles.

Used cars are all the rage in Paraguay, where vehicles that have been shipped from thousands of kilometers away are put to use as soon as they are repaired and made fit for the road.

"No one is dumb and everyone knows that the prices we have are good," used car dealer Francisco Lopez told EFE.

Lopez's Asuncion used car lot features vehicles from Japan, South Korea and the US, with prices starting at 20 million guaranies (about $4,700).

Paraguay imported 3,248 used cars, vans and light trucks in 2003, with imports of used vehicles climbing to 35,048 in 2008 and more than 55,000 last year, said a customs service spokesman.

Imports of new vehicles totaled 28,887 units in 2012, down 1.72 percent from the year before, the Automotive and Machinery Distributors Association, or Cadam, said.

Paraguay imported 23,334 automobiles in the January-March 2013 period, of which 16,161, or 69 percent, were used, the customs service spokesman said.

--IANS/EFE

rd


LATEST IMAGES
Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.