Now Available: " Venezuela Autos Report Q2 2011"

PRLog (Press Release) - Mar. 23, 2011 - BMI expects Venezuelan new vehicle sales to return to a positive growth rate in 2011 for the first time since Q109, growing 18% year-on-year (y-o-y), to over 143,400 units. While much of this growth is mainly owing to the low base effect from the past two years of falling sales, the downside risks to our forecast come from the scarcity of vehicles in the market. BMI largely blames restrictions on the number of vehicle imports and supply of foreign currency for producing them locally for the depressed consumer demand in the country.

On the brighter side, there were no serious labour conflicts in 2010 like those experienced by General Motors Company (GM) and Mitsubishi Motors in 2009. The supply of foreign currency was also much smoother last year than in 2009. As such, we expect carmakers to increase production over 7% y-o-y in 2011, which we believe will be followed by average annual growth of 9% y-o-y growth for the remainder of our forecast period, taking 2015 output to 158,525 units, still below pre-crisis levels.

In turn, the improved availability of vehicles will drive up demand, with sales rising 18% y-o-y this year, to over 143,400 units. By the end of 2015, we expect total sales to reach 219,600 units. Much will, however, depend on whether carmakers have been able to significantly improve their production levels in line with the increased demand.

We, however, expect import restrictions to remain in place. On the other hand, we see little prospect of any significant increase in exports in 2011 after the market failed to export any vehicles last year.

MMC Automotriz, which assembles Mitsubishi Motors and Hyundai Motor vehicles was the only company to increase production in 2010, while the country's largest auto manufacturer GM just managed to match its output levels of 2009. Despite this, the US carmaker held on to its market leading position in the Venezuela with sales of nearly 51,000 units, giving it a more than a 40% share in the market. Other market participants such as Ford Motor, Toyota Motor and Chrysler also hold considerable market share in the new vehicle sales segment, but none are anywhere close to GM's level.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/127271_venezuela_autos_report_...


Report Table of Contents:

SWOT Analysis
- Venezuela Auto Industry SWOT
- Venezuela Political SWOT Analysis
- Venezuela Economic SWOT Analysis
- Venezuela Business Environment SWOT Analysis
Global Overview
- BMI's Core Views For The Automotives Industry
Business Environment Ratings
- Table: Latin America Auto Business Environment Ratings
- Regional Leaders
- The Underperformers
- Reining Developed States
Regional Overview
- Poor Business Environment Will Mar Growth Potential
Macroeconomic Forecast
- Table: Venezuela - Economic Activity
Industry Forecast Scenario
- Table: Venezuela Auto Sales By Segment - Historical Data And Forecasts
- Production
- Table: Venezuela Auto Production By Segment - Historical Data And Forecasts
- Trade
- Table: Venezuela Auto Trade - Historical Data And Forecasts
- Table: Venezuela's Auto Sector - Historical Data And Forecasts, 2007-2014 (CBUs unless otherwise stated)
- Table: Venezuela Vehicle Production, 2009-2010
- Table: Venezuela Vehicle Sales, 2010
- Industry News
Passenger Cars
- Table: Venezuela Passenger Car Segment - Historical Data And Forecasts
- Company News
Commercial Vehicles
- Table: Venezuela Commercial Vehicle Segment - Historical Data And Forecasts
- Light Commercial Vehicles
- Table: Venezuela - Light Commercial Vehicle Registrations By Manufacturer, 2003-2008 (CBUs)
- Heavy Commercial Vehicles
- Table: Venezuela - Heavy Commercial Vehicle Registrations By Manufacturer, 2007-2008 (CBUs)
- Suppliers
Company Monitor
- Chery Automobile - Latin America Regional Overview
Company Profiles
- General Motors Company (GM)
- Ford Motor
- Toyota Motor
Country Snapshot: Venezuela Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
BMI Methodology
- How We Generate Our Industry Forecasts
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.