Market Thrives in Mexico for Cars Smuggled From the U.S.

Black market vehicles are a better deal for drivers

Auto vendor Alejandro Villalobos parked a green 2002 Toyota Sequoia with 90,000 miles outside a shuttered supermarket which doubles as a used car lot one day a week.

Villalobos priced the SUV at 110,000 pesos -- roughly $8,500 -- and wrote a single word on the windshield: "Legalized."

Mexico has about 6 million imported cars on its roads -- vehicles not made to be sold in the Mexican market -- and many are used cars and trucks that are simply driven over the border from the United States and not registered here legally.