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Automotive industry recorded its worst drop in sales
Posted On 03 Aug 2015
In the first half of 2015, the automotive sector had the worst drop in unit sales in the past four semesters with 46 662 cars sold, 9,517 less than in the same period of 2014, ie -17%.
According to figures from the Association of Automotive Companies of Ecuador (Aeade), if sales of 2012 are compared with those of the last six months, the difference is 17,345 cars (-27.10%).
For Manuel Murtinho, general manager of the Ecuadorian Automotive Association (AEA), there are three factors: the reduction of import quotas, the greater rigor in the delivery of loans by banks and the current economic situation.
In 2014 the quota for the importation of vehicles was 128 090. Until December of this year the reduction of quotas for the import of vehicles and CKD (spare parts), played down about 48,000 cars for sale.
According to data presented by the Aeade in a document for its members, based on figures from the Superintendency of Banks, the volume of trade credit for the sector to May 2015 contracted by 23.52%.
Sources: http://www.eluniverso.com/noticias/2015/08/03/nota/5051425/vehiculos-peor-caida-ventas
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