Chinese cars slowly taking larger market share

According to data from the Association of Automotive Companies of Ecuador (AEADE), cars from China (like Chery, Great Wall and JAC) are now the third most sold brands in the country, after Korean cars (like Hyundai, Kia and Daewoo) and national vehicles (cars assembled in Ecuador like Chevy). And soon they may take second place. In 2017, 9,248 vehicles from China were sold in Ecuador. That was 8.8 percent of new cars purchased. Cars assembled in Ecuador, accounted for 40,138 sales, or 38.2 percent of the market. Vehicles of Korean origin, accounted for 15,912 units sold, for 15.1 percent of the…

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