The Ecuador automotive market size is estimated to expand at a CAGR of 2.70% between 2025 and 2034.

Ecuador Automotive Aftermarket witness higher growth during the forecast period owing rising passenger vehicle sales with the expansion of automotive industry.

The revenue in the passenger cars market in Ecuador was modeled to stand at ************ U.S. dollars in 2024. From 2013 to 2024, the revenue rose by *********** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2029, the revenue will rise by *********** U.S. dollars, showing an overall upward trend with periodic ups and downs.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Passenger Cars.

Key information about Ecuador Motor Vehicle Production

• Ecuador Motor Vehicle Production was reported at 2,700.000 Unit in Dec 2016.
• This records a decrease from the previous number of 4,800.000 Unit for Dec 2015.
• Ecuador Motor Vehicle Production data is updated yearly, averaging 15,309.000 Unit from Dec 2000 to 2016, with 17 observations.
• The data reached an all-time high of 29,322.000 Unit in 2008 and a record low of 900.000 Unit in 2000.
• Ecuador Motor Vehicle Production data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVP: Motor Vehicle Production: by Country.

In 2019, sales of motor vehicles in Ecuador amounted to around ***** thousand units, a decrease of approximately eight percent in comparison to the previous year. During the same period, Chevrolet was the leading vehicle brand in the South American country, based on unit sales.

Motor Vehicle Transmissions Market Size Value in Ecuador, 2022 Discover more data with ReportLinker!

After three years of growth, the Ecuadorian passenger car market decreased by -28.3% to $1.1B in 2024. Over the period under review, consumption, however, saw a relatively flat trend pattern. Passenger car consumption peaked at $1.6B in 2023, and then fell significantly in the following year.

Key information about Ecuador Motor Vehicle Sales: Passenger Cars

• Ecuador Motor Vehicle Sales: Passenger Cars was reported at 98,018.000 Unit in Dec 2023.
• This records a decrease from the previous number of 100,069.000 Unit for Dec 2022.
• Ecuador Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 78,485.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 105,046.000 Unit in 2018 and a record low of 44,816.000 Unit in 2016.
• Ecuador Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Motor Vehicle Transmissions Market Size Value Per Capita in Ecuador, 2021 Discover more data with ReportLinker!

In 2024, the Ecuadorian market for motor vehicles for travelling on snow or golf cars was finally on the rise to reach $9.3M for the first time since 2021, thus ending a two-year declining trend. Overall, consumption showed a mild expansion. Over the period under review, the market reached the maximum level at $30M in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

The Ecuadorian automotive lighting market surged to $63M in 2024, increasing by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a resilient expansion. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in the immediate term.

Motor Vehicles Clutches and Motor Vehicle Clutches Parts Market Size Value in Ecuador, 2021 Discover more data with ReportLinker!

This statistic represents the number of companies in the automotive sector in Ecuador in 2016, by type. In that year, there were ** auto parts companies and ** bodywork construction companies in Ecuador.

In 2019, the number of motor vehicles sold in Ecuador amounted to ***** thousand units, from which around ** percent were vehicles from the American automobile division Chevrolet. The South Korean automotive manufacturer KIA Motors followed with approximately ** percent of market share.

After three years of decline, the Ecuadorian motor vehicle engine market increased by 61% to $3.2M in 2024. Over the period under review, consumption, however, recorded a deep reduction. Over the period under review, the market attained the peak level at $25M in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

Ecuador E-Commerce Transactions: AOV: Vehicles: Automotive Industry data was reported at 182.723 USD in 11 Sep 2024. This records an increase from the previous number of 180.176 USD for 10 Sep 2024. Ecuador E-Commerce Transactions: AOV: Vehicles: Automotive Industry data is updated daily, averaging 178.973 USD from Jan 2019 (Median) to 11 Sep 2024, with 211 observations. The data reached an all-time high of 957.675 USD in 08 Dec 2021 and a record low of 5.582 USD in 18 Apr 2024. Ecuador E-Commerce Transactions: AOV: Vehicles: Automotive Industry data remains active status in CEIC and is reported by Grips Intelligence Inc.. The data is categorized under Global Database’s Ecuador – Table EC.GI.EC: E-Commerce Transactions: by Category.

Motor Vehicle Wheels (And Including Parts) Market Size Value in Ecuador, 2021 Discover more data with ReportLinker!

In 2024, after three years of decline, there was significant growth in the Ecuadorian vehicle radio market, when its value increased by 1,174% to $6M. Overall, consumption saw significant growth. Vehicle radio consumption peaked in 2024 and is expected to retain growth in years to come.

This statistic depicts the number of vehicles produced in Ecuador from 2014 to 2017. In 2017, around ***** thousand vehicles were produced in Ecuador, up from ***** thousand units in the previous year.

In Ecuador Electric Car Market, An electric motor powers an electric car (EV), which is essentially an automatic vehicle. A purely electric vehicle is one without a gasoline or diesel engine. When an electric vehicle is in "drive" mode, it accelerates similarly to an automatic vehicle.