Carlos Rondón, president of the National Chamber of Auto Parts Commerce (Canidra), indicated that several US companies are considering returning to Venezuela, which opens the door to new investments and a boost to the sector.

According to Rondón, this return is positive for the Venezuelan industry. However, he clarified that it would not be in the area of ​​car assembly within the country.

Regarding the supply of spare parts and auto parts, the president of Canidra pointed out that “currently, supply exceeds demand” and that “there are enough spare parts in the country to meet the needs of our vehicle fleet.”

On the other hand, he clarified that there is a shortage of original spare parts “that have not been delivered according to the distribution schedule,” particularly those coming from China.

M.Pino

Source: bancaynegocios

(Reference image source: Eric Wendt on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada US automotive companies are considering returning to the Venezuelan market apareció primero en Bitfinance.

The executive president of the Chamber of Venezuelan Manufacturers of Auto Parts (Favenpa), engineer Omar Bautista, pointed out that the reduction of vehicle assembly to almost zero, and the inactivity of the vehicle fleet by 60% due to fuel shortages, have been factors that have severely affected the auto parts industry.

Bautista expressed that he is confident that by 2021, with the arrival of the COVID-19 vaccine, quarantine can be relaxed and working conditions regularized, which would make this year better.

He assures that the situation that is looming for the sector in 2021 is very complex, taking into consideration that the assembly of vehicles in Venezuela practically disappeared and last year only 87 units were assembled, remembering that ten years ago they were assembled per year 104,000 vehicles, while the annual average was 100,000 units.

He added, according to the newspaper El Impulso, that there is an additional problem that affects the sector, which is the imports of auto parts, which has contributed to the fall in domestic demand for this national item, since some imported goods enter without paying taxes, which generates unfair competition.

G. Febres

With information from El Impulso and other national media

La entrada Venezuelan automotive industry assembled very few vehicles in 2020 apareció primero en Bitfinance.