The Comex increases the quota for imported vehicles

The Foreign Trade Committee decided to increase the share of imported vehicles. Of the 22.277 units initially set in Resolution 049 of December 31 of 2014 will now be passed to a maximum of 25,617 vehicles. The document states that this change is due to a report by the National...

Devolution of cars would be the cause of higher prices

Manuel Murtinho, Manager of the Ecuadorian Automotive Association (AEA), said that the restriction on vehicle imports and the decreasing quota could impact the prices of new cars. Murtinho said that would happen since more than half of the cars that were ordered to factories...