Ecuador new cars sales rebound in the 2018 after the previous two years fall with sales up 66% at 105.080 fueled by the improved economic environment. Chevrolet dominates with 34% of market share while Great Wall ranks 4th, best place worldwide.
Ecuador new vehicles market collapsed in the first half hit by the economic difficulties and the aftermath of April’s earthquake. The sales dropped 38%, the sharpest half-year in a decade.
Ecuador Vehicle Market in 2015 tumbled down hit by economic crisis. The automotive industry was reported down 28%, at the lowest since 2005. Chevrolet kept the leadership taking the gap over Kia and Hyundai.
Ecuador cars sales fell 14% in the first half 2015 hit by the economic recession following the huge decline of oil international price and lower than planned financial support from China. Chevrolet still market leader.
Ecuador 2013 car market was really bad, losing over 15% despite a growing economic environment. Chevrolet improved share and now is near 50% of total. 2014 outlook is positive.
The Automotive sector is the third in Ecuador industrial economy having performed a strong increase in the last decade. Following the record year achieved in the 2011, the market was hit by increased fee on imported vehicles.