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Santo Domingo.- The dealers of the world’s automakers grouped in Acofave denounced that many used car importers have managed to break the law and affirm that the lack of supervision allows some of them to launder money from local sources as well as from abroad.

In a statement, Acofave also revealed that most of those companies present customs declarations with lower costs.

The organization demands that the Internal Taxes, the Customs agencies and other authorities enforce the law, because the sector jeopardizes the country.

“The members of Acofave are legally organized companies, with numerous investments in infrastructure, shops, spare parts and training of human resources,”

It said, adding that as a whole their companies have contributed for years with more than 25% of the country’s tax revenues and constitute the second leading sector in contributions to State coffers.

The authorized dealers said they expect the situation to worsen in the measure that the authorities boost efforts to comply with the agreements with the International Monetary Fund and increase revenue to reduce the 2010 fiscal deficit.

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COMMENTS
6 comment(s)
Written by: dreadlocks, 6 Sep 2010 11:57 AM
From: United States
really? the used car dealers are laundering money? no! you mean that the drug dealers are cleaning up their act by putting the money into used vehicles? no! say it aint so, Joe. on the subject of discoveries, these guys just found out that the earth is round
Written by: yowzerDR, 6 Sep 2010 1:05 PM
From: Dominican Republic
Money laundering must be in the top two profitable businesses in this country. It is lack of law enforcement, which is the sole responsibility of the government to stop it. In addition, to corrupt accountants, lack of education and poor family values.

We should not be punished for their lies, corruption, and control, so older used cars should be allowed to be imported. Money laundering is not the problem of the people so don't let Acofave stop our rights to affordable vehicles.
Written by: WalterPolo, 6 Sep 2010 2:19 PM
From: Dominican Republic, Puerto Plata
Too easy: used vehicles in the US and Canada are paid for in cash in public auctions held on a regular basis, and brought down here.

Even the Keystone cops got that one figured out.
Written by: generoso, 7 Sep 2010 7:24 AM
From: United States, Quisqueya


The new car importers have had a monopoly for years, paying 40% less duty than the used car dealers. Even the land they use for their businesses was sold to them at fire sale prices by Balaguer, to get on their good side.
Enough is enough, to continue with this most irritable duty concession to new car dealers only, is not only not fair, but it is illegal as well as discriminatory. ACOFAVE now resorts to smear tactics accusing used car dealers of money laundering, and other regrettable names.
Customs must level the playing field and use the same value table (valores) for ALL importers including private parties, that pay even more duty than used car dealers.
BTW aren't you guys getting fed up with the Chinese selling fake goods in the comment section?
Written by: anthonyC, 7 Sep 2010 5:43 PM
From: United States


Wait.

The New car dealers are accusing the used car dealers of illegal activities and want the Government to regulate the used car dealers more?

So basically the Used Car dealers have been out-performing the overpriced big boys and they want it to stop.

Screw em!!!!
Written by: krob88, 23 Jun 2011 4:38 AM
From: United States
I think Government should take some serious steps regarding this issue. All people can not afford any expensive car and they trust only the authorized dealers to make their dream live of buying car.
http://www.indiandrives.com/jollymotors
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