With the recovery of the Venezuelan oil industry, confidence is increasing in other economic sectors, such as the automotive sector. In this area, Carlos Rondón, president of the National Chamber of Commerce and Auto Parts (Canidra), estimates that a positive boost will be seen in 2026.

The executive mentioned the significant progress made at the end of 2025. “The supply of spare parts, which for years was insufficient, now exceeds demand and allows us to easily meet the needs of the vehicle fleet. This change accompanies a notable rebound in vehicle sales, which have grown rapidly over the last three years.”

Last year, sales reached 38,000 units, representing an additional 120 % growth since 2023. “Three brands accounted for 80% of those sales. If this trend continues, Canidra estimates that the market could reach 50,000 units by 2026.”

According to the industry leader, the recovery of the oil sector will be crucial to sustaining this growth rate. He asserts that any improvement in oil activity “translates into greater mobility, more transportation, and consequently, an increase in demand for auto parts and related services.”

M.Pino

Source: finanzasdigital

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La entrada Oil industry recovery will favor the automotive sector in Venezuela apareció primero en Bitfinance.

By the end of 2025, Venezuela’s automotive sector could show slight growth, according to recent statements by Sergio González, a representative of the sector.

According to the executive, the greatest demand has been in the market associated with the agricultural industry, as well as in the heavy cargo sector, where pickup trucks have been requested.

González mentioned the motorcycle segment, where there has been a rapid increase in units, indicating that companies are now selling them with helmets to reinforce accident prevention.

M.Pino

With information from elaragueno and other national media

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La entrada Venezuela’s automotive sector could end 2025 with slight growth apareció primero en Bitfinance.

The automotive sector’s production goal in Venezuela for the last quarter of 2025 is between 13,000 and 14,000 units to meet domestic demand, which has been boosted by financing plans and the desire to purchase a new car.

The sector is working together with the auto parts sector to provide the necessary spare parts for cars produced in the country.

According to Sergio González, a representative of the automotive sector, the last quarter of each year is characterized by increased commercial activity. “Based on this, we believe we’ll achieve around 13,000 units and that the market will reach around 34,000 to 35,000 units.”

M.Pino

Source: primicia

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La entrada Automotive sector forecasts domestic market production of 14,000 vehicles in the last quarter apareció primero en Bitfinance.