July 217 - No. 1 AUTOMOTIVE SECTOR in figures www.aeade.net Núñez De Vela E 3-13 y Atahualpa Torre del Puente Building, Floor 1. Phone: 2 226 952 / 226 956 / 226 4925 / 226 4927 Quito - Ecuador
Board members Genaro Baldeón, Executive President (Chief Executive Officer) CEO Óscar Calahorrano, Director of Operations (Chief Operations Officer) COO Alberto Reza, Technical Coordinator Mauricio Larco, Market Analyst Paula Carrión, Communications Coordinator Melany Corella, Technical Assistant Published on July 13th 217 www.aeade.net Núñez de Vela E3-13 y Av. Atahualpa Edificio Torre del Puente, Piso 1 Teléfonos: 226 952 / 226 956 / 226 4925 / 226 4927 @AEADE.EC @AeadeEc
AUTOMOTIVE SECTOR IN ECUADOR Composition of the sector Assembly companies Auto parts companies Importers and sellers Bodywork construction companies Companies dedicated to other automobile commerce activities (maintenance, repair, spare-part sales, etc) 4 92 1.271 companies Companies new and used car dealers 137 companies establishments motorcycle stores 81 3.126 companies automotive commerce stores Source: Superintendencia de Compañías, 216. Employment 1.534 4.71 13.971 592 35.994 Source: Encuesta Nacional de Empleo, Desempleo y Subempleo Taxes 216 (importers and assembly companies) 194 181 15 122 Total employment generated: 56.81 112 61 Total: 865 41 4 Motor vehicle excise Advalorem Value-added tax Special Consumption Tax (SCT) Ad Valorem Ecotax Safeguard tax Foreign Transaction (FX) Fee FODINFA (Child care and development fund) Source: Servicio Nacional de Aduana del Ecuador (SENAE); Servicio de Rentas Internas (SRI)
Automotive sector in figures - No. 1 Ecuador s sumy Macroeconomic Indicators Total trade balance ( - 217): Average oil price WTI ( - 217): Annual inflation ( 217): Annual GDP variation ( - 216/215): $79 USD FOB $51,2 1,1% 2,6% Source: Banco Central del Ecuador, 217 Credit (uary - 217) Regular consumption: Priority consumption: $147 millones $97 millones Source: Superintendencia de Bancos, 217 Light vehicle* and commercial vehicle** ket Importation: Production: Exportation: Sales: (January - May 217) (January - May 217) (January - May 217) (January - June 217) 2.582 units 13.75 units 145 units 43.65 units *Light vehicles: automobiles, pickup trucks, SUV **Commercial vehicles: VAN, trucks, buses Source: Servicio Nacional de Aduana (SENAE); Cáa de la Industria Automotriz Ecuatoriana (CINAE), Asociación de Empresas Automotrices del Ecuador (AEADE), 217.
Automotive sector in figures - No. 1 Vehicle Importation Monthly vehicle import (units) 7.42 35.916 31.761 Units 4.765 4.872 3.414 1.922 2.7 1.571 2.554 1.815 1.711 1.476 2.344 3.285 2.783 2.685 7.345 787 4.942 1.736 1.222 4.464 923 72 887 4.587 4.4 3.625 3.538 4.792 215 216 217 Historical vehicle imports (units) 212-217 () 217 4.792 216 1.736 215 1.922 MAY 214 5.242 213 5.543 212 6.57 1. 2. 3. 4. 5. 6. 7. Source: Servicio Nacional de Aduana del Ecuador (SENAE), 217. Vehicle production* Monthly vehicle production (units) Units 7 6 5 4 3 2 1 5.422 5.127 4,625 4.13 48.926 3.849 4.367 3.573 4.112 4.463 4.232 3.433 1.62 2.952 1.69 1.85 1.832 26.786 2.17 2.481 2.226 2.354 2.388 2.285 2.738 2.639 2.391 2.557 3.14 2.745 3.43 215 216 217 Historical vehicle production (units) 212-217 () 217 3.43 4 MAY 216 215 214 2.17 3.849 5.315 213 6.45 212 6.581 1. 2. 3. 4. 5. 6. 7. *Does not include the production of CIAUTO assembly company. Source: Cáa de la Industria Automotriz Ecuatoriana (CINAE), 217.
3.821 4.89 4.313 4.858 5.972 5.916 6.686 7.562 7.783 6.945 6.753 6.569 6.136 5.889 5.618 5.79 5.33 6.73 4.288 5.25 5.711 5.741 6.165 6.56 7.55 7.63 7.543 8.278 9.66 9.367 Automotive sector in figures - No. 1 Vehicle exportation Monthly vehicle exportations (units) 1.6 1.4 1.2 1. 3.274 716 8 Units 6 4 2 34 45 325 255 46 275 26 34 12 179 21 15 74 16 119 76 15 75 74 45 45 15 27 45 - - 3 25 9 215 216 217 Historical vehicle exports (units) 212-217 () 217 9 216 15 215 46 MAY 214 755 213 821 212 639 1 2 3 4 5 6 7 8 9 Source: Cáa de la Industria Automotriz Ecuatoriana (CINAE), 217. Vehicle Sales Monthly vehicle sales (units) 81.39 63.555 Units 215 216 217 Historical vehicle sales (units) 212-217 (e) 217 9.66 216 4.288 215 6.753 JUNE 214 9.187 213 9.568 212 11.723 2. 4. 6. 8. 1. 12. Source: Asociación de Empresas Automotrices del Ecuador (AEADE), 217. Autoplus, 217.
Automotive sector in figures - No. 1 Vehicle Sales Sales participation by province (units), light vehicles* 217 (Jan - Jun) Sales participation by province (units), commercial vehicles** 217 (Jan - Jun) Imbabura 3% Manabí 5% Tungurahua 5% s 12% Pichincha 4% El Oro 3% Manabí 5% Azuay 9% s 11% Pichincha 33% Azuay 6% Tungurahua 1% Guayas 28% Guayas 29% *Light vehicles: automobiles, pickup trucks, SUV Nissan 4 % Toyota 5% Great Wall Renault 7 % Hyundai 8% Sales participation by brand (units), light vehicles* 217 (Jan - Jun) Ford 3% Mazda 3% 2% Brands 7% Kia 19 % Chevrolet 42% **Commercial vehicles: VAN, trucks, buses Sales participation by brand (units), commercial vehicles** 217 (Jan - Jun) Hyundai Brands *Light vehicles: automobiles, pickup trucks, SUV **Commercial vehicles: VAN, trucks, buses Foton 2% Mercedes Benz 3% Chery 3% JAC 4% DFSK 4% KIA 6% 8% 16% Hino 31% Chevrolet 23% Source: Asociación de Empresas Automotrices del Ecuador (AEADE), 217 Autoplus, 217 Participation of imported vs assembled (units) Percentage of participation 6% 4% 2% 57,4% 42,6% 46,9% 53,1% 5,9% 49,1% 5,2% 49,8% 5,1% 49,9% 54,1% 56,4% 55,8% 56,9% 56,4% 57% 45,9% 43,6% 44,2% 43,1% 43,6% 43% 58,2% 41,8% 47,2% 52,8% 5,9% 49,1% 5,9% 49,1% 48,8% 51,2% 46,5% 43,1% 53,5% 56,9% 53,2% 5.7% 46,8% 55,9% 49,3% 44,1% 48,6% 51,4% 48,2% 51,8% 54,% 55,4% 46,% 44,6% 47,4% 52,6% 52,4% 53,1% 47,6% 46,9% 6,9% 61,8% 39,1% 38,2% 8% imported assembled 215 216 217 2 Source: Asociación de Empresas Automotrices del Ecuador (AEADE), 217 Autoplus, 217
Automotive sector in figures - No. 1 Credit USD 1.4 1.2 1. 8 6 4 2 6.746 312 284 6.186 324 Consumer credit vs. light vehicle sales* Light vehicle sales 2.771 USD 241 249 231 234 189 252 167 145 143 12 Consumer credit 2.396 USD 5.12 5.79 5.513 5.834 5.859 153 188 21 185 239 22 225 259 198 215 155 191 211 249 22 245 5.334 5.275 6.778 6.912 6.854 18. 16. 14. 12. 1. 8. 6. 4. 2. units 215 216 217 *Light vehicles: automobiles, pickup trucks, SUV Ordinary consumer credit vs. light vehicle sales* Light vehicle sales Ordinary consumer credit USD 45 8. 4 35 3 25 2 15 1 5 9 USD 18 28 16 14 15 12 13 18 17 19 243 USD 22 21 5.12 5.79 5.513 5.834 25 23 22 5.859 23 27 28 5.334 24 5.275 6.778 31 29 6.912 35 6.854 7. 6. 5. 4. 3. 2. 1. units 215 216 217 *Light vehicles: automobiles, pickup trucks, SUV Tires Source: Superintendencia de Bancos, 217. Importation of tires* by segment (thousand units) 9 859 8 7 675 638 6 553 577 thousand units 5 4 3 2 1 195 17 234 4 5 215 Light Bus and truck Industrial construction Motorcycle Agricultural 26 22 4 1 21 31 Light Bus and truck Industrial construction Motorcycle Agricultural Light 347 Bus and truck Industrial construction 6 1 113 11 233 4 1 137 19 258 5 25 Motorcycle Agricultural Light Bus and truck Industrial construction Motorcycle Agricultural Light Bus and truck Industrial construction Motorcycle Agricultural Jan - May 213 Jan - May 214 Jan - May 215 Jan - May 216 Jan - May 217 Source: Servicio Nacional de Aduana del Ecuador (SENAE), 217.
Automotive sector in figures - No. 1 Motorcycle sales 89.484 Monthly motorcycle sales (units) 74.213 1. 8. 6. 6.51 5.647 6.829 6.982 8.92 7.958 9.314 8.41 8.27 7.672 7.549 6.26 5.46 5.51 6.47 7.389 5.977 5.68 5.911 6.463 6.182 6.26 7.615 5.476 7.17 4.384 5.781 Units 5.964 7.778 7.457 12. 4. 2. 215 216 217 Source: Base de matriculación del Servicio de Rentas Internas (SRI), 217. Motorcycle Motos: matriculación importation Monthly motorcycle imports (units) 8. 7. 7.23 26.235 19.775 6. 5. 4.76 5.59 4. 3. 2. 1. 2.1 1.597 958 638 333 921 49 1.456 1.755 936 1.569 Units 942 1.369 2.368 433 2.29 3.395 875 982 3.73 1.624 1.32 1.633 837 1.58 1.517 Historical motorcycle sales (units) 212-217 (e) 217 7.457 216 5.68 215 7.958 JUNE 214 6.834 213 7.75 212 9.186 1. 2. 3. 4. 5. 6. 7. 8. 9. 1. 215 216 217 Historical motorcycle importations (units) 212-217 () 217 1.517 216 2.368 215 1.597 MAY 214 3.326 213 4.335 212 5.57 1. 2. 3. 4. 5. 6. Source: Servicio Nacional de Aduana del Ecuador (SENAE), 217.
Automotive sector in figures - No. 1 Macroeconomic indicators GDP Real GDP (USD of 27) Nominal GDP (USD ) Variation of real GDP Inflation Annual Monthly Accumulated Foreign trade Exportations (FOB USD ) Total Oil Non-oil Importations (FOB USD ) Total Oil Non-oil Balance trade (FOB USD ) Total Oil Non-oil Oil WTI (average price) Foreign Currency Exchange USD/EURO USD/COP USD/PEN USD/BRL Labor Market - 216-217 17.97 23.893-4,% 216 217 1,63%,3%,92% - 216 6.416 1.816 4.6-216 6.12 865 5.147-216 44 951-547 $ 37,47 17.548 24.965 2,6% 1,1%,5%,91% 216 217,9 3.67 3,36 3,59-217 7.924 2.772 5.152-217 7.133 1.262 5.871-217 79 1.51-72 - 216-217 $ 51,2,89 2.919 3,28 3,26 216 217 Working-age population Economically Active Population Employed population Appropriate Employment Underemployment Unpaid Employment non-full Employment Unclassified Employment Unemployment Economically Inactive Population 11.467.518 7.861.661 7.412.671 3.142.554 1.348.231 796.919 2.1.225 24.742 448.99 3.65.856 11.726.45 8.84.382 7.728.968 3.112.953 1.726.3 879.81 1.994.537 15.648 355.414 3.642.68 Source: Banco Central del Ecuador, Instituto Nacional de Estadística y Censos, 217. Elaboration: Asociación de Empresas Automotrices del Ecuador (AEADE).
ECUADORIAN AUTOMOTIVE MARKET Number of vehicles Light 1 965.538 Commercial 31.86 968.9 419.35 577.288 223.68* 33.93 45.645 Automobile SUV Pickup trucks Truck Bus Van *The information corresponds to all kind of trucks including the those with load capacity below 3.5 tons which are not considered heavy load trucks. Vehicle fleet age Average age: 16,2 años - 1 1-5 5-1 1-15 15-2 2-25 25-3 3-35 35 + 81.39 654.861 486.136 236.53 196.612 27.4 71.764 93.797 238.935 3,59% 28,88% 21,44% 1,43% 8,67% 9,15% 3,17% 4,14% 1,54% TOTAL: 2 267.344 Geographic location Source: Base de matriculación del Servicio de Rentas Internas (SRI), 215. PICHINCHA GUAYAS AZUAY TUNGURAHUA MANABÍ IMBABURA CHIMBORAZO EL ORO LOS RíOS COTOPAXI LOJA SANTO DOMINGO CAÑAR ESMERALDAS CARCHI BOLÍVAR SUCUMBIOS ORELLANA PASTAZA MORONA SANTIAGO NAPO SANTA ELENA ZAMORA CHINCHIPE GALÁPAGOS 75.716 576.928 161.164 128.758 16.262 67.732 61.573 61.299 56.729 55.586 54.367 42.54 36.844 24.59 22.958 14.886 9.32 8.329 7.839 5.343 4.82 4.615 3.97 662
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