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Ecuador's Original English Language Newspaper

Ecuador’s auto industry experiences slow-down in 2023 sales

Published on October 17, 2023
Facebook Twitter Google+ LinkedIn In the third quarter of 2023, Ecuador’s new car sales experienced a significant decline for the third consecutive month. Political uncertainty, heightened insecurity, and escalating insurance costs have collectively impacted the automotive market. According to the Chamber of the Automotive Industry (Cinae), in September 2023, only 10,725 vehicles were sold in […]

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