New car sales in Venezuela, Colombia and Ecuador are expected to climb by 13.6% in 2006 to 500,000 units industry-wide, from a projected 440,000 in 2005, the General Motors regional chief was reported to have said.
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In 2004, new car sales totalled 295,000 units industry-wide.
High oil prices have helped the economies of the oil-rich Andean countries and boosted car sales of all major car markers, Pablo Ross, GM’s Andean region chief, told Reuters.
Ross reportedly said GM expects to sell 180,000 units in 2006, compared with 154,000 units expected to be sold in 2005.
The company has assembly plants in the three countries and plans to invest US$32 million in the region next year, Ross told Reuters.
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