The huge political crisis in Venezuela decimated its automotive market in January. Last month, the automakers sold 3,700 vehicles in the country according to the Venezuela Automotive Chamber (Cavenez). This result represented a decrease of 81.4 percent compared with the 19,951 units sold in January 2002.

General Motors led the depleted market with 981 vehicles sold in January. Ford was in second place with 489 units sold.

While the local market was well down on year-ago levels, there was a gain in Venezuelan exports. In January, Venezuela exported 603 vehicles, a gain of 36.7 percent over January last year.