Car production in Venezuela drops 10.64% compared to 2011

Between January and July 2012, 66,288 vehicles were assembled in Venezuela, that is 10.64% less than the figures recorded in 2011 in the same period by the Venezuelan Automobile Chamber (Canavez).

Although the pace of the industry has actually increased with respect to last year's, the figures show a decline in local production. If production in July 2011 and July 2012 are contrasted, a 2.89% decline will be evident as 8,244 vehicles were assembled only, that is 245 vehicles below July 2011 figures.

Spokespersons of the car industry have outlined throughout the year the difficulties they have been facing to obtain foreign currency. Thus, some of the automotive assembly plants registered with Cavenez have adopted output reduction plans in order to avoid running out of material.

The figures show that between June and July 2012, production declined by 22.03%, from 10.573 units to 8,244 in just one month.