Venezuela: Car sales plunge to lowest level in over five years

In December, car sales plunged 63.9% over the same month of the previous year and reached just 2,959 units according to figures from the Venezuelan Automotive Chamber (CAVENEZ, Camara Automotriz de Venezuela). The reading follows a 51.1% decline in November and marks the sharpest drop since November 2008.

Read more about Venezuelan Retail.

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