New Report Available: Car Rental in Venezuela

From: Fast Market Research, Inc.
Published: Fri Oct 17 2014

Car rental in Venezuela continued to face constraints on the availability of new cars in 2013 as a result of the monopoly on foreign exchange managed by the government. The seven assembly companies are not permitted access to the foreign exchange needed to purchase the parts that would be assembled in Venezuela. Indeed, by 2013 the government had accumulated a debt with the companies in the order of US$2 billion linked to past purchases. In addition, the government should supply more than US$2.5 billion annually to guarantee regular operations.

Industry Prospects

The area is expected to perform poorly over the forecast period, with a lack of availability of new vehicles set to become critical in 2014. Three of the seven vehicle assembly companies – Toyota, Chrysler and IVECO – halted production in mid February 2014 and unless there is a radical change of economic policy, the market for vehicles will be paralysed in 2014. As of February 2014, the fall in production of new vehicles reached 78%, according to information released by the trade association (CAVENEZ).

Full Report Details at

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Venezuela with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Car Rental industry in Venezuela, our research will save you time and money while empowering you to make informed, profitable decisions.

The Car Rental in Venezuela market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Car Rental in Venezuela?
* What are the major brands in Venezuela?
* Is there a shift from airport car rental to non-airport?
* Is leisure car rental outpacing business car rental?
* Is insurance replacement recession-resistant?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions

Product coverage: Car Rental by Category, Car Rental by Channel.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

About Fast Market Research

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For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

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- The North American Car Rental Market to 2018
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- Car Rental in Spain to 2017: Market Databook
- Car Rental in Mexico to 2017: Market Databook

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