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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