Venezuela.
A collapse of 86% had the production of vehicles in the first half of this year in Venezuelan territory, as announced by the sector that groups the main vehicle manufacturers in this country.
Foreign firms based there only produced 1,550 units between January and June of this year, compared to 10,922 in the same period of 2015. This is partly due to issues such as exchange control in Venezuela, the severe shortage of spare parts and an economy in recession.
The Automotive Chamber of Venezuela (Cavenez) groups, among others, Fiat Chrysler; Ford; General Motors; Toyota; Iveco, from Italy's CNH Industrial; Mack, of Sweden's Volvo, and Japan's Mitsubishi, both of which are working at a minimum because of delays in allocating foreign currency to import supplies.
Sales of new cars manufactured in the country also contracted in the first half of 2016, falling 85.4% year-on-year to just 1,593 units sold.
However, in the same period of the year, the sale of imported cars grew 79%, driven by the dispatches of Ford, which, like some other brands, markets its vehicles in dollars.
Source: América Economía.
