Ecuador auto industry booming
Since the beginning of 2017, a total of 12 new car brands boasting more than 70 models have entered Ecuador’s automobile market.
The most is from China with a total of 40 models, followed by those from the European Union (19 models), Korea (5), Mexico (2), Japan (2), Russia (2), and Thailand (2).
Meanwhile, according to local automobile companies’ association Aeade, about 139,000 cars are expected to be sold in the country this year, up 33% from last year.
From January to September, approximately 102,000 cars were sold in the country, according to regional news service America Economia.