Venezuela Vehicles Market in Q1 2016 is still gripped by the crisis, collapsing with over 80% of losses in sales, for a total of nine months in a row with year on year fall. Ford was the best-selling brand.
Venezuela vehicles market in 2015 fell below the 20.000 units, down 28% from the previous year. The market is collapsing again hit by sharp economic crisis and counts less than one fifth of 2011 volumes.
Venezuela Light Vehicle Sales recovered 42% in Q1 2015 albeit the deep market crisis should not be considered over. Three car makers held 82% of market share as just few brands are still active in the country.
Venezuela Auto Industry collapsed in 2014 falling in 82nd global rank as sales fell down from near 100.000 to only 24.248 and main carmakers are abandoning the country, severely hit by economic recession and government restrictions.
2014 Venezuelan car market is collapsing with sales fell over 85% from year ago. Increasingly poor economic outlook also impacts the demand side of the sector and all car makers had been forced to stop local productions.
December 2013 was the lowest in the decade for the Venezuela's car market with sales dropped 62% from year ago and ending the worst year since 2003. The market was hit by a tough economic recession and declining expectations. 2014 is foreseen down again.
Pushed down by a never-ending economic decline, Venezuela, potentially richest country in South America is reducing durable products consumptions and the car market is one of the worst worldwide since years, as clinched by September 21.4% drop.
Keeping a very negative pace, the car market in Venezuela had lost 21.3% in August 2013, although the market leader, Chevrolet, boomed share at 38%. Year to date sales dropped 13.8%. In August, MitsubishiLancer jumped on top of model list, first time globally.
In spite of sharp drop posted in December, when the market was 34.6% down from last year, the Venezuelan car market ended the 2012 rising 4.9% from the previous year. However the market was down 74% from record year.
In November, the Venezuelan car market posted 12.082 units, down 33.4% from last year. Year-to-date sales were 118.798, up 9.2%. The market leader, Chevrolet, further increased its share climbing at 32%.
In August, the Venezuelan car market posted 10.585 units, down 3.7% from last year. Year-to-date August sales were 86.160, up 10.0%. Chevrolet in August surged at 41% of share, the best of the year, followed by Toyota and Ford.
The Venezuela car market is on the road to recovery after the severe drop suffered from 2007 all time volume record. Following the 2011 negative peak at 120.691 sales, this year the market is recovering. Chevrolet is the market leader.
The 2011 Miss World victory was the only achievement for this unlucky country last year. Although beautiness was at its peak of popularity, car sales achieved their negative peak with the worst performance since 2003.