French
car maker Renault is forecasting 22% growth in sales this year in Venezuela. The
target, if achieved, would give the company a 9.2% market share.
The national importer and distributor, Sofaven, reported an increase of 2,086
units for 2000 giving a total of 7,704 and a 7.2 percent market share.
Go deeper with GlobalData
The Venezuelan government’s family car program featuring the Twingo and the
Energy 19 helped boost sales.
Sofaven is launching the Kangoo van, expected to account for five percent of
sales, as the first of four new model introductions this year.
Sofaven’s parent company Sofasa is considering the possibility of introducing
vehicles made by Renault-owned Dacia of Romania and Japan’s Nissan to the South
American markets in which it operates – Venezuela, Colombia and Ecuador.
Sofasa, in which Toyota and Renault are shareholders, has an assembly plant
in Medellin, Colombia.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
