Venezuela begins inspections in car assembly plants
The Venezuelan Government is taking actions in an attempt to regulate the price of vehicles
Elvis Amoroso, the lawmaker promoting the bill to regulate car prices, denounced the existence of a black market in the automobile sector that involves car dealers, entrepreneurs, and websites.
Sources close to the sector stated that authorities have conducted regular inspections in car assembly plants and are fully aware of daily operations.
Regarding prices, sources said that they are calculated based on production costs, which are frequently adjusted as they are subject to increases in both salaries -pursuant to labor agreements, and inflation. However, the sources pointed out that the increase in car prices was below the National Consumer Price Index of 2012.
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.