Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Venezuela Autos Report Q1 2014

Venezuela Autos Market: New market information published


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-02-10 03:30:02 - Venezuela Autos Report Q1 2014 - a new market research report on companiesandmarkets.com

Vehicle sales declined 17.5% year-on-year in the first nine months of the year, to 81,950 units. We hold a bearish outlook for consumer sentiment, and maintain our forecast for a 19% decline in the market in 2013.

We believe that the poor macro picture in Venezuela will continue to impact vehicle sales over the year.

The government´s currency devaluation in February will pose a considerable upside risk to inflation, hike interest rates for vehicle loans, and make vehicle imports more expensive, thus eroding consumers´ purchasing power and affecting sales volumes. We expect this to continue to filter through to consumer sentiment over the course of the year.

BMI remains bearish on vehicle production in Venezuela, as the government continues to intervene in the

 

 

economy, further restricting access to foreign currency and implementing import restrictions on vehicle components. Further, the recent currency devaluation will serve to make supplier imports more expensive, exacerbating shortages of components. Accordingly, we forecast a 25% decline.

Click for report details: www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..

Browse all Automotive and Parts Market Research Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..

Browse all Automotive and Parts Company Profile Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Company- ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com