Arab Press

بالشعب و للشعب
Friday, Jun 20, 2025

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.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Saudi Arabia Faces Uncertainty Over Succession After Mohammed bin Salman
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Majority of French Voters View Macron's Presidency as a Failure
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Businessman Mauled by Lion at Luxury Namibian Lodge
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
Head of Gaza Aid Group Resigns Amid Humanitarian Concerns
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
×