• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador will sell animal feed to Colombia because of landslide
Alexis Mera gets pre-release after three and a half years in prison
Jorge Glas Unification of Sentences Granted
Ecuador declares illegal mining a threat to state security
International Reserves registered their highest level since the start of dollarization
Government denounces 28 candidates for links to drug trafficking
Constitutional Court dismissed the 7 members of the Council for Citizen Participation and Social Control
Ecuador imported the historic figure of USD 7,646 million in fuels
An Andean bear is released into its habitat after two years in captivity
Ecuador gets ready to vaccinate birds and counter avian influenza

2016 records the worst car sales rate of the past decade in Ecuador

Posted On 13 Jun 2016

 venta carros-ecuadortimes

Car sales are going through the worst moment of the past decade. During the first five months of this year 24,078 imported cars and of domestic manufacturing, ie, a 41% less than in the same period of 2015, according to data from the Chamber of the Automotive Industry of Ecuador were sold.

 

This is the lowest figure -compared with the same period- over the last 10 years, less than that recorded in 2007. For the executive director of the guild, David Molina, while last year a decrease of sales was recorded, the cause is different in 2016.

In 2015 there was a contraction due to import quotas. Today, however, the problem lies primarily in the demand. According to him, buying a vehicle requires, in many cases, financing, but consumers now think about the capacity to pay that debt because of the economic crisis.

 

Source: http://www.elcomercio.com/actualidad/ecuador-venta-vehiculos-economia-negocios.html

About the Author
  • google-share
Previous Story

VAT refund benefit will be made through electronic money

Next Story

Tax collection falls by 16% until May 2016

SEARCH

LATEST NEWS

Ecuador will sell animal feed to Colombia because of landslide

Posted On 27 Jan 2023

Alexis Mera gets pre-release after three and a half years in prison

Posted On 27 Jan 2023

Jorge Glas Unification of Sentences Granted

Posted On 27 Jan 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net