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 take a trial.

Related Insight Articles

Government To Take Control Of Auto Chain

Industry / Venezuela News: The government of Venezuela is planning to take control of the whole automotive chain in the country. Deputy Elvis Amoroso has submitted a bill to the National Assembly (AN) Finance Committee for...

July 2009

GM Feels Regulation Pinch

Industry / Venezuela US carmaker General Motors (GM) has revealed that it will be temporarily suspending production at its manufacturing plant in Venezuela from June. The decision comes as a result of its local subsidiary's...

May 2009

Venezuela Automakers Trapped In Vicious Circle Of Production Loss

Industry / Venezuela Local industry sources have reported that the ongoing crisis at Johnson Controls, an automotive seats manufacturer, has disrupted productions for auto manufacturers based in Venezuela. The manufacturing...

November 2008

GM Beset With Problems In Venezuela

Industry / Venezuela US automotive manufacturer General Motors (GM) seems to have been facing a series of problems in its Venezuelan production facility. The automaker's Valencia Automotive Complex, located in Valencia in...

September 2008

Special Focus: Commercial Vehicles

Industry / Venezuela Vehicle demand boomed in 2004 and 2005, having recovered from a deep trough in 2003, when foreign exchange controls took their toll on the manufacturing sector. In 2005 GDP expanded by 9.4% and government...

August 2006