The political crisis in Venezuela affected the country’s automotive market in September, writes Rogério Louro. Just 8,025 new vehicles were sold, a decrease of 24.3% compared with the 10,600 units sold in August, according to the Venezuela Automotive Chamber (Cavenez).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Compared with the 18,059 vehicles sold in September 2001 the Venezuelan market was down 55.5% last month.

Between January and September 2002, 109,892 vehicles were sold in Venezuela, a decrease of 29.4% compared with the 155,759 units sold in the same period of 2001.

Exports also decreased last month to 321 vehicles, down 48.7% compared with the 626 vehicles shipped in August.

Compared with the 474 vehicles exported in September 2001, last month’s exports fell 32.3%.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

However, for the first nine months of 2002, Venezuelan exports increased 12.2% compared with the same period of 2001. Vehicle makers shipped 4,604 vehicles compared with 4,088 in the same period of 2001.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now