Venezuela Autos Articles

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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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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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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Changes To Regional Agreement

Colombia has announced that it is to 'open up' its Andean Automotive Agreement (AAA) trade policy with Ecuador and Venezuela. BMI believes that this will serve to boost investment in Colombia from...

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Growth Will Be Difficult To Sustain

Favourable base effects have enabled the Venezuelan autos industry to return to positive growth territory in H112 - the first time since 2008. The market has posted a sharp rebound in the first six...

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