In Ecuador a drop of more than 50% of new car sales is expected

The coronavirus pandemic halted sales in the automotive sector. If at the beginning of the year the sector had already predicted a 10% drop in sales due to unemployment, the lack of money and the contraction of the economy, COVID-19 further complicated the situation. Now a drop of more than 50% of sales is expected in 2020, says Genaro Baldeón, executive president of the Association of Automotive Companies of Ecuador (Aeade). March and April already leave large losses, since in those months only 3,573 and 761 cars were placed, respectively.

In Ecuador a drop of more than 50% of new car sales is expected

How many vehicle units were placed during the first four months of 2020?
This year there was a 43.3% drop in sales. Between January and April 23 958 units were sold, while in 2019 42 222 vehicles were sold.

Because of the pandemic, how many new units were left to sell between March and April?
In March of this year, sales fell by 64.7% in relation to the same month of 2019. While in April, marketing fell by 93.4%. Between March and April 2020, there was a reduction of 80% in sales. sales compared to the same period of 2019.

Faced with the new reality, the sales projections for 2020 are adjusted. How many units could be sold this year in Ecuador and what percentage is compared to 2019?
A contraction in auto trade was already expected at the beginning of the year due to unemployment, lack of money and the contraction of the economy. Initially a 10% drop in sales was expected. Now a drop of more than 50% of sales is expected. It is estimated that this year 60,000 vehicles or less will be marketed, while in 2019 132,208 units were sold.

How union have proposed a date to resume sales of new cars?
The automotive chain proposes the reopening of the companies, through pilot programs. The proposal is in the hands of the National Emergency Operations Committee (COE) and the cantonal COEs to authorize the reopening of the companies, which are ready to do so.The Municipality of Guayaquil and authorized our pilot plan and since May 13 a group of companies have restarted their activities, to which more companies in the automotive chain will progressively join.

Has the Association proposed adjustments in the dealerships to help respect the physical distance during the sale processes?
The Association of Automotive Companies of Ecuador and the Chamber of the Automotive Industry of Ecuador elaborated the Protocol for the Reactivation Plan of the automotive sector in the context of the health emergency by COVID-19, which includes measures dictated by the Ecuadorian authorities and also recommendations from international experts. More than 200 companies signed a letter of commitment to implement the measures included in this
proposal. (I)

https://www.eluniverso.com/noticias/2020/05/13/nota/7840281/coronavirus-descenso-venta-autos-ecuador