Venezuela Autos Views

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GM Write Down On Currency Weakness

US-based General Motors Company (GM) is to take a charge of some USD400mn from its operations in Venezuela on the back of changes in how it values the currency. BMI is increasingly bearish on the...

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Sector Plummets- No Let Up In Sight

Vehicle production in Venezuela declined 84.8% year-on-year (y-o-y) in January, to 296 units, with many autos manufacturers stopping output, as the domestic market drops and the country's business...

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Regional Output To Temper As Sales Slow

BMI expects to see a broad slowdown in vehicle production in Latin America in 2014, with many countries in the region registering a moderation in manufacturing growth from 2013 levels. We expect many...

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Price Ceiling Set To Lower Sales

Venezuela's National Assembly has approved the law regulating the purchase and sales of new and used vehicles in an attempt to alleviate shortages in the market and ongoing price speculation. The...

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Bearish Market Sentiment Remains

Vehicle sales and production in Venezuela dropped considerably in the first seven months of 2013, in line with our bearish market outlook. We expect the market to contract further over the course of...

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Market Weakness Sharpens

Vehicle sales and production in Venezuela dropped considerably in the first six months of 2013, in line with our bearish market outlook. We expect the market to contract further over the course of...

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