Total vehicle sales decreased by 27.1% y-o-y in June 2018 and 38.3% y-o-y in H118. Adding to the myriad risks to automakers is the increased risk of theft from automaker stocks of spare parts. With imported components, the national shortage of parts is taking hold at the same time as the country's vehicle fleet is continuing to age, creating unprecedented levels of excess demand for parts.  Our Country Risk team has raised their end-of-year forecast for inflation rate in 2018 to 539,800%, highlighting the hyperinflation gripping the economy. Owing to this, the trade of automobiles (used and new) is most likely occurring in US dollars rather than the local currency with anecdotal evidence suggesting this is the case.

Key View

SWOT

Autos SWOT 

Industry Forecast

Industry Forecast Scenario

Passenger Vehicles 

Commercial Vehicles 

Motorcycles 

Industry Risk/Reward Index

Americas Autos Sales Risk/Reward Index 

Americas Autos Production Risk/Reward Index 

Venezuela Autos Sales Risk/Reward Index 

Venezuela Autos Production Risk/Reward Index

Regional Overview

Latin America Overview

Venezuela Demographic Outlook 

Autos Methodology