Watch Demo

Venezuela Automotive Industry Outlook 2019

See how Venezuela Automotive performed compared to key markets.

Key Market Indicators

In 2019, Venezuelan vehicle registration surged 116.6%, jumping from 2,080 to 4,500 units. This was the highest annual growth since 2010, when the market plummeted by 28.3% year-on-year. However, in 2017, Venezuelan vehicle production dropped 37.8%, declining from 2,850 units to 1,770 units. Since 2004, the supply has decreased by a staggering 55.7% year-on-year.

Improve your Knowledge with the latest Indicators and Trends