June 217 - No. 9 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 María Belén Armendáriz, Technical Assistant Published on June 9th 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,. Employment 1.534 4.71 13.971 592 35.994 Source: Encuesta Nacional de Empleo, Desempleo y Subempleo Taxes (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. 9 Ecuador s sumy Macroeconomic Indicators Total trade balance ( - 217): Average oil price WTI ( - 217): Annual inflation ( 217): Annual GDP variation (/215): $473 USD FOB $51,83,96% -1,5% Source: Banco Central del Ecuador, 217 Credit (uary - il 217) Regular consumption: Priority consumption: $112 $76 Source: Superintendencia de Bancos, 217 Light vehicle* and commercial vehicle** ket Importation: Production: Exportation: Sales: (January - April 217) (January - April 217) (January - April 217) (January - May 217) 15.79 units 1.77 units 55 units 34.54 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. 3
Automotive sector in figures - No. 9 Vehicle Importation Monthly vehicle import (units) 5.544 4.164 3.691 4.696 5.242 57.788 35.916 5.224 3.636 6.466 5.212 4.528 5.519 3.866 7.42 4.765 4.872 3.414 1.922 2.7 1.571 2.554 1.815 1.711 1.476 2.344 3.285 2.783 787 4.942 1.736 31.761 1.222 4.464 923 2.685 7.345 72 887 4.587 Units 4.4 3.625 3.538 215 217 Historical vehicle imports (units) 212-217 (il) 217 3.538 4.942 215 3.414 APRIL 213 4.696 4.842 212 5.18 1. 2. 3. 4. 5. 6. Source: Servicio Nacional de Aduana del Ecuador (SENAE), 217. Vehicle production* Units 7 6 5 4 3 2 1 5.19 4.743 4.53 5.264 5.315 62.689 5.559 6.1 4.51 5.973 6.24 5.252 4.337 5.422 5.127 4,625 4.13 Monthly vehicle production (units) 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 2.17 26.786 2.481 2.226 2.354 2.388 2.285 2.738 2.639 2.391 2.557 3.14 2.745 215 217 Historical vehicle production (units) 212-217 (il) 217 2.745 4 APRIL 215 1.832 4.13 5.264 213 6.666 *Does not include the production of CIAUTO assembly company. 212 5.31 1. 2. 3. 4. 5. 6. 7. Source: Cáa de la Industria Automotriz Ecuatoriana (CINAE), 217.
3.821 4.89 4.313 4.858 5.889 5.618 5.79 5.33 6.73 4.288 5.25 5.711 5.741 6.165 5.972 5.916 6.686 7.562 7.783 6.945 6.136 6.56 6.753 6.569 7.55 7.63 7.58 9.42 8.751 8.944 9.778 1.117 9.187 8.278 9.834 9.679 9.367 1.439 11.121 11.11 11.794 Automotive sector in figures - No. 9 Vehicle Exportation 1.6 8.368 1.497 Monthly vehicle exportations (units) 1.4 Units 1.2 1. 8 6 4 2 85 55 415 79 755 71 739 715 778 37 289 34 45 325 255 46 3.274 716 275 26 34 12 179 21 15 74 16 119 76 15 75 74 45 45 15 27 45 - - 3 25 215 217 Historical vehicle exports (units) 212-217 (il) 217 25 76 APRIL 215 225 79 213 736 212 1.556 2 4 6 8 1. 1.2 1.4 1.6 Source: Cáa de la Industria Automotriz Ecuatoriana (CINAE), 217. Vehicle Sales 12.57 Monthly vehicle sales (units) 81.39 63.555 Units 215 217 Historical vehicle sales (units) 212-217 () 217 7.58 6.73 215 6.945 MAY 1.117 213 1.213 212 11.237 2. 4. 6. 8. 1. 12. Fuente: Asociación de Empresas Automotrices del Ecuador (AEADE), 217. Autoplus, 217.
Automotive sector in figures - No. 9 Vehicle Sales Sales participation by province (units), light vehicles* 217 (Jan - May ) Sales participation by province (units), commercial vehicles** 217 (Jan - May) Imbabura 3% Manabí 5% Tungurahua 6% s 11% Pichincha 4% Santo Domingo 3% Manabí 5% Azuay 9% s 1% Pichincha 35% Azuay 6% Tungurahua 9% Guayas 29% Guayas 29% *Light vehicles: automobiles, pickup trucks, SUV **Commercial vehicles: VAN, trucks, buses Nissan 4 % Toyota 4% Great Wall Renault 7 % Hyundai 8% Sales participation by brand (units), light vehicles* 217 (Jan - May) Ford 3% Mazda 3% 2% brands brands Chery Hino 7% Kia 2 % Chevrolet 42% Sales participation by brand (units), commercial vehicles** 217 (Jan - May) 2% Mercedes Benz 2% Foton JAC DFSK 5% 3% 4% KIA 6% Hyundai *Light vehicles: automobiles, pickup trucks, SUV **Commercial vehicles: VAN, trucks, buses 9% 14% 31% Chevrolet 24% Source: Asociación de Empresas Automotrices del Ecuador (AEADE), 217 Autoplus, 217 Participation of imported vs assembled (units) Percentage of participation 8% 6% 4% 57,4% 42,6% 46,9% 53,1% 5,9% 49,1% 5,2% 49,8% 5,1% 49,9% 45,9% 43,6% 44,2% 54,1% 56,4% 55,8% 56,9% 56,4% 43,1% 43,6% 43% 57% 58,2% 41,8% 47,2% 5,9% 49,1% 48,8% 52,8% 49,1% 5,9% imported assembled 51,2% 53,5% 56,9% 46,5% 53,2% 43,1% 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% 6,7% 39,3% 2% 215 217 Source: Asociación de Empresas Automotrices del Ecuador (AEADE), 217 Autoplus, 217
Automotive sector in figures - No. 9 Credit USD 1.4 1.2 1. 8 6 4 279 299 277 294 3 2 7.978 7.49 7.786 3.782 USD 8.487 8.793 7.676 341 33 34 33 372 Consumer credit vs. light vehicle sales* 2.771 USD 6.746 6.186 324 333 325 312 284 241 249 231 234 252 189 167 145 143 153 12 Light vehicle sales Consumer credit 2.771 USD 5.12 5.79 5.513 225 259 239 22 188 21 185 198 5.834 5.859 215 155 191 5.334 211 5.275 249 6.778 22 6.912 18. 16. 14. 12. 1. 8. 6. 4. 2. units 215 217 *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 13 243 USD 18 17 19 22 21 5.12 5.79 5.513 5.834 25 23 22 5.859 5.334 23 27 28 24 5.275 6.778 31 29 6.912 7. 6. 5. 4. 3. 2. 1. units 215 217 *Light vehicles: automobiles, pickup trucks, SUV Tires Importation of tires* by segment (thousand units) 7 6 547 666 5 423 45 433 thousand units 4 3 2 1 Light 154 14 182 3 5 164 Bus and truck Industrial construction Motorcycle Agricultural 19 18 3 1 159 23 Light Bus and truck Industrial construction Motorcycle Agricultural Light 277 Bus and truck Industrial construction 5 1 82 7 175 3 1 111 17 192 3 2 Motorcycle Agricultural Light Bus and truck Industrial construction Motorcycle Agricultural Light Bus and truck Industrial construction Motorcycle Agricultural Jan - Apr 213 Jan - Apr Jan - Apr 215 Jan - Apr Jan - Apr 217 Source: Servicio Nacional de Aduana del Ecuador (SENAE), 217.
Automotive sector in figures - No. 9 Motorcycle sales Units 12. 1. 8. 6. 6.567 6.144 6.963 9.476 1.122 Monthly motorcycle sales (units) 94.864 89.484 6.834 7.311 7.475 7.28 7.437 1.928 8.399 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 74.213 5.68 5.911 6.463 6.182 6.26 7.615 5.476 7.17 4.384 5.781 5.964 4. 2. 215 217 Historical motorcycle sales (units) 212-217 (il) 217 5.964 6.47 APRIL 215 6.982 9.476 213 5.742 212 7.751 1. 2. 3. 4. 5. 6. 7. 8. 9. 1. Source: Base de matriculación del Servicio de Rentas Internas (SRI), 217. Motorcycle Motos: matriculación importation Monthly motorcycle imports (units) 8. 7. 6. 5. 4. 3. 2. 1. 4.365 2.11 95 3.516 43.356 3.326 2.443 5.999 2.446 6.687 3.627 4.419 3.513 4.76 2.1 5.59 7.23 26.235 1.597 958 638 333 921 49 1.456 1.755 936 1.569 942 1.369 19.775 2.368 433 2.29 3.395 875 982 3.73 1.624 1.32 1.633 837 1.58 Units 215 217 Historical motorcycle importations (units) 212-217(il) 217 1.58 1.369 215 7.23 APRIL 213 3.516 4.169 212 2.497 1. 2. 3. 4. 5. 6. 7. 8. Source: Servicio Nacional de Aduana del Ecuador (SENAE), 217.
Automotive sector in figures - No. 9 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 - 215-7.354 1.177,2% 2,32%,14%,58% 69.321 97.82-1,5% 217,96%,14%,42% - - 217 3.627 4.721 896 1.667 2.731 3.54 - - 217 3.691 547 3.143,88 3.17 3,36 3,62 4.248 761 3.487 - - 217-63 473 349 96-412 -432 - - 217 $ 33,19 $ 51,83 217,93 2.878 3,24 3,12 217 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). 15
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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