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Slump in car sales will increase the demand for spare parts in Ecuador
Posted On 27 May 2016
The demand for automotive spare parts in Ecuador will increase as a result of the drop in sales of new cars, according to a report by the Spanish Institute for Foreign Trade (ICEX).
The report, called “The market of automotive spare parts in Ecuador 2016,” estimates that the life of vehicles in the stores in Ecuador will extend following the reduction in the commercialization of cars, and their prices because of the import quotas, high tariffs and taxes.
