New car sales in Venezuela rose 46.7% in February compared with a year ago when the OPEC nation was still reeling from a crippling oil strike, the Venezuelan Automobile Chamber (CAVENEZ) reported on Friday.
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A total of 6,621 cars were sold last month, compared with 4,512 units in February 2003, CAVENEZ said in a release cited by the Reuters news agency.
Sales for the January-February period this year rose to 13,474 compared with 8,212 during the same months in 2003, the report added.
Reuters noted that the December 2002-January 2003 oil strike battered the economy of the world’s fifth-largest crude oil exporter, which has been under pressure from two years of political turmoil and a steep economic downturn, and added that, in February 2003, the government implemented strict currency controls which have also cut into vehicle sales.
Companies affiliated with CAVENEZ are DaimlerChrysler de Venezuela, Fiat Automobiles, Fiat affiliate IVECO Venezuela, Ford, General Motors de Venezuela, Mitsubishi Motors’ MMC Automotriz and Toyota de Venezuela but the February figures were for total vehicle sales in Venezuela, and include car models made by CAVENEZ non-members such as Mazda and Volkswagen, Reuters said.
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