Industry / Venezuela

Used Car Market Set To Soar in 2009

May 2009 | Industry News

The used market in Venezuela is booming due to a lack of new cars in the market. This has significantly pushed up the price of used vehicles, making them more expensive than new

To read the full article, please sign in or take a free trial.

Related Insight Articles

Operating Environment Shows No Signs Of Improving

Industry / Venezuela The Venezuelan Chamber of Auto Parts Trade (Canidra) has warned carmakers are likely to face fresh shortages of auto parts due to severe delays from the Foreign Exchange Administration Commission (Cadivi)...

July 2010

Government Regulation Offers Little Respite For Plummeting Output

Industry / Venezuela Auto production in Venezuela fell over 20% year-on-year (y-o-y), to 43,057 units, in the first five months of 2010, testifying BMI's view there will be little let-up for the country's declining vehicle...

June 2010

Growth, But Not Without Risks

Business Environment / Venezuela In line with other key markets in Latin America, Venezuela's automotive industry is enjoying a surge in both sales and production. In 2006, car sales for the year soared by 50.34% year-on-year (y-o-y)...

March 2007

Currency Controls Force Toyota To Halt Production

Business Environment / Venezuela The strict control exercised by Hugo Chávez on national industries is starting to have a direct and detrimental effect on the country's automotive sector. According to press reports, Toyota has been...

March 2007

Venezuelan Car Industry Makes Strong Start To 2007

Companies / Venezuela Venezuela's automotive industry has got off to a roaring start in 2007. According to industry data, demand for new cars is such that around 90,000 buyers are waiting for their vehicles to roll off the...

February 2007