THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
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Venezuela

Venezuelan Authorities Seize GM Plant

Venezuelan government authorities took control of General Motors’ Valencia plant on April 19, seizing company vehicles and other assets. GM will cease operations in the country, effective immediately, the company announced.

Market Snapshot: Venezuela Fleet Market

The Venezuelan fleet market is comprised of local companies and multinational corporations, of which about 500 are U.S. companies with business operations in Venezuela. The strongest vocational segments for commercial fleet sales in Venezuela are oil companies, healthcare, and agriculture.

South American Fleet Market: Diverse & Complex

The South American automotive market has tremendous potential. IHS Insights forecasts the continent’s automotive market will grow significantly by 2025, becoming one of the top three growth markets globally for light-vehicle sales.