New market study, "Venezuela Autos Report Q4 2015", has been published

From: Fast Market Research, Inc.
Published: Mon Aug 31 2015

In 2015, sales and production of vehicles in Venezuela will improve slightly compared to their weak 2014 amounts but volumes will remain far below their pre-2013 levels. Production will remain stymied by bottlenecks in the supply of imported components owing to the restrictions on currency exchange in the country. These currency restrictions will also hold back sales volumes owing to dealers' inability to address the shortfall in production by ramping up imports.

BMI holds a considerably bearish outlook for vehicle production in Venezuela following the dramatic fall in oil prices in late 2014 which has drastically lowered Venezuela's revenues from oil exports and, as a result, has severely cut the country's supply of hard currency. This has meant the country's multi-tiered exchange rate system has become untenable with widespread capital restrictions and rationing of hard currency now limiting automotive manufacturers' ability to pay foreign suppliers for vital component import orders. As a result, production will be increasingly furloughed and extensive worker lay-offs will continue.

Full Report Details at

The significant extent of parts and currency shortages as well as rising operating costs are such that we now believe that some major automakers may well make the decision to abandon manufacturing operations in the country completely. We highlight that Ford Motor represents the most likely company to exit the country having already hinted that it is considering filing for bankruptcy in 2016 and having lost much of the financial support from Ford's global headquarters.

Like output, we also remain bearish in our outlook for sales volumes in the country. The current crisis in car sales is the result of supply side factors in the industry whereby the supply of vehicles has dried up owing to the drop in output of local manufacturers and currency and import controls significantly limiting importers' ability to substitute falling output with imports of completely built-up vehicles.

The Venezuela Autos Report features the latest data and forecasts covering production, sales, imports and exports.

BMI Research's Venezuela Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Venezuela.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Venezuela to test other views - a key input for successful budgetary and planning in the Venezuelan automotives market.
* Target business opportunities and risks in the Venezuelan automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Venezuela.
* Assess the activities and market position of your competitors, partners and clients

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Morocco Autos Report Q4 2015
- Algeria Autos Report Q4 2015
- Brazil Autos Report Q4 2015
- Argentina Autos Report Q4 2015
- Germany Autos Report Q4 2015

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »