With an investment of $500,000, Hyundai will open two new dealerships in Manta and Guayaquil through a strategic alliance with distributor Vallejo Araujo, the Korean brand said in a statement.

The company added that the new dealers will have a wide range of vehicles, including five new models that will be introduced during 2023, with sales projections of 200 vehicles per month. trader.

These are the car manufacturers in China with the highest sales, five of them have a direct representative office in Ecuador

“The new outlets will have personalized attention. Users will be able to access showrooms, workshops for the sale of spare parts, financing plans and test drives,” the company points out.

He also announced that he will soon open a new dealership in a strategic area of ​​the city of Quito.

These new investments in the local automotive sector are taking place in a context of recovery.

From January to March last year, the sector sold 35,026 vehicles, representing a growth of 13.5% compared to sales in the same period in 2022, which itself was a year that set a record in the last eleven years (in all the last for years). 139,517 vehicles were sold in 2018, but in the first quarter there were only 30,858), according to the latest report of the Association of Automobile Companies of Ecuador (Aeade).

With more than 35,000 units, first-quarter vehicle sales revved up and exceeded pre-pandemic numbers by 14%

Additionally, the 35,006 units sold in this first quarter is also 14.21% higher than the 30,668 sold in the first three months of 2019.

Hyundai, for example, took fourth place in terms of sales in the light vehicle market. According to AEADE figures, Chevrolet leads in that segment with 20.3%; KIA follows with 16.6%; Toyota (6.8%), Hyundai (6.3%), Chery (5.1%), Renault (4.8%), Shineray (3%), Suzuky (3%), Nissan (3%), Great Wall (3%), Jetour (2.9%), Ford (2.7%), Volkswagen (2.5%), DFSK (2.5%), Mazda (2.5%), JAC (2 4%), Dongfeng (1.6%), Peugeot (1.2%), Mitsubishi (0.9%), MG (0.5%) and Opel (0.2%).

A total of 15,608 SUVs, 9,138 cars and 6,392 vans were sold from all brands on the market.