Big Three Dominate Production In Venezuela

August 2006 | Market Trend Analysis

Venezuela's car industry is in robust form. Consumer confidence has risen on the back of a strong economy, which grew by 9.4% in the second quarter of 2006, and which is being buoyed by soaring oil prices. BMI research shows the strength of unit sales in the first half of 2006. In just the first two months of the year, 41,625 vehicles were sold, representing an increase of over 40% on the same period in 2005. In February alone, 21,222 vehicles were sold, 11,393 of which were assembled in Venezuela. General Motors is the biggest manufacturer in Venezuela, followed by

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