Ecuador 2021. Light Vehicles Market Fell Down Again (-21.7%)

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Ecuador car market
The 2022 Skoda Fabia

Ecuador Cars Market keeps struggling in 2021. Following the 13.3% lost reported in the previous year, the market lost an additional 21.7% with sales landed at 116.326.

Market Trend

Following the previous year trend, the automotive industry kept falling down during the 2021, involved in the longest crisis of its short life.

Indeed the market grew up very fast in the last decade with sales surged from 83.000 in 2010 to a record of 171.000 in 2019.

Then the sudden covid 19 spread killed the growth generating huge emergency in the country and demand for four wheelers collapsed.

Following the 13.3% lost reported in the previous year, the market lost an additional 21.7% with sales landed at 116.326.

While keeping the market leadership for the 20th consecutive year, Chevrolet reported sales declined at 26.091 (-40.6%) with sahre down at 22.4%).

In second place Kia with 22.069 sales (-15.7%) and 19.4% of share.

Toyota ranks in third with 10.508 sales )+8.4%) and 9.0% of share.

Behind the top followers are Chery (+10.9%), Suzuki (-46.6%), Renault (+17.6%), Mazda (-60.4%), Nissan (-35.8%), Great Wall (-28.5%).

Tables with sales figures