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)

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

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

(Reference image source: Erik Mclean on Unsplash)

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