• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

The brake on the automotive industry

Posted On 17 Apr 2017
Figures generate confusion according to representatives of the automotive sector. For them, the fact that sales had increased in the first quarter of the year is positive, but not satisfactory. As they explained, the number only indicates a rise when compared with the same period of 2016. That is the worst balance of the industry in more than a decade. If the first quarter of 2017 is compared with previous years, there is a considerable drop.
From January to March of 2017 19,418 vehicles were sold. This contrasts with the number of cars sold in 2016: 12,379. But in 2015 sales in those three months reached 25,574 vehicles.

 

Data from the Association of Automotive Companies of Ecuador (Aeade) show that so far this year there is a drop of almost 30% of the historical sales. Genaro Baldeón, executive president of the guild, explained that the current trend is only comparable with 2004.
This year, according to projections of the association, about 73,000 units be sold, between those assembled in Ecuador and those imported. Almost half of the 139,000 cars sold in 2011.

Source: http://www.expreso.ec/economia/el-freno-en-el-mercado-de-la-industria-automotriz-NN1249924

About the Author
  • google-share
Previous Story

Oil catapults exportsOil catapults exports

Next Story

Foreign investment halved in 2016

SEARCH

LATEST NEWS

ecuadortimes-cristian-espinosa-was-appointed-ambassador-of-ecuador-to-the-united-states_cristian-espinosa-fue-nombrado-embajador-de-ecuador-en-estados-unidos

Cristian Espinosa was appointed Ambassador of Ecuador to the United States

Posted On 28 Jun 2024
ecuadortimes-daniel-noboa-receives-the-credentials-of-the-new-united-states-ambassador_daniel-noboa-recibe-las-cartas-credenciales-del-nuevo-embajador-de-estados-unidos

Daniel Noboa receives the credentials of the new United States ambassador

Posted On 27 Jun 2024
40-000-mujeres-recibiran-becas-en-educacion-superior

40,000 women will receive scholarships in higher education

Posted On 26 Jun 2024
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net