The president of the Venezuelan Automotive Chamber (Cavenez), Félix Cáceres, believes that financing for the sector is crucial to maintaining the operation of the service chain, including insurance, spare parts, and workshops. Therefore, he emphasizes the need to expand access to credit.

According to Cáceres, “the recent market stability reflects the significant role that financing offered by dealerships has played, along with a gradual improvement in credit conditions from banks.”

The union leader maintains that the market remains stable and that “financing from dealerships has been key throughout this process, along with the efforts of the banks.”

According to Cáceres, automotive sales increased by 60 % in the first quarter thanks to new payment methods and the “financing plans offered by dealerships, which have allowed them to sustain demand in an environment of limited bank credit.”

On the other hand, Cavenez has reaffirmed his support and guidance to companies considering establishing themselves in the country to facilitate their entry and operation.

M.Pino

Source: finanzasdigital

(Reference image source: Obi on Unsplash)

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La entrada Cavenez reiterates need for access to financing apareció primero en Bitfinance.

The reactivation of car assembly in Venezuela in the short term faces the need for investment, the importation of spare parts, and technical support, according to Eduardo Cáceres, president of the Venezuelan Automotive Chamber (Cavenez).

The executive emphasized that the national automotive industry remains “optimistic and hopes that within a suitable timeframe, the necessary investments can be made to create the conditions for both assembling and importing vehicles in Venezuela.”

Currently, the sector depends heavily on imports to ensure the renewal of the vehicle fleet. Furthermore, it requires technical support and spare parts. “Any initiative, whether for importing or light assembly (SKD/CKD), is welcome as long as it complies with regulations, generates jobs, and strengthens the service network,” Cáceres added.

According to the president of Cavenez, consumer demand and brand preferences determine the return of U.S. companies to the country. Current policies seek to “promote an open, diverse, and competitive market, where we choose quality and safety, not flags.”

Cáceres emphasized the important role of Chinese brands in revitalizing the local market, “with excellent technological acceptance by Venezuelans by the end of 2025 and the beginning of 2026.”

In this regard, he said that the Chamber’s objective is to guarantee all brands a solid service structure and ensure compliance with homologation standards “to guarantee a lasting and reliable presence in the country.”

M.Pino

Source: noticiaalminuto

(Reference image source: Joseph Pillado on Unsplash)

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La entrada Venezuelan Automotive Chamber rules out reactivation of assembly in the short term apareció primero en Bitfinance.