Ecuador

Fleet Market Flat as Ecuador Emerges from Recession

The strongest sectors acquiring commercial fleet vehicles are agricultural, construction, pharmaceuticals, petroleum, telecommunications, and consumer product companies. Car rental and government are the two top fleet markets.

How Lower Commodity Prices Are Affecting Automotive Industry in Venezuela

The causes and the consequences lower commodity prices to the respective automotive and fleet markets of Venezuela and neighboring Ecuador and Colombia is the focus of the latest market overview by Automotive Fleet.

Lower Commodity Prices Impact GDP for Venezuela, Ecuador, & Colombia

Venezuela and Ecuador are heavily dependent on petroleum exports, as is also Colombia, but to a lesser extent. The steep drop in crude oil prices and other commodities is severely impacting these countries.

UPS Expands South American, Global Profile

UPS has expanded its UPS Worldwide Express package service to 23 additional countries and territories, with the majority of the expansion taking place in Latin America, including Colombia and Ecuador.

South American Fleet Market: Diverse & Complex

The South American automotive market has tremendous potential. IHS Insights forecasts the continent’s automotive market will grow significantly by 2025, becoming one of the top three growth markets globally for light-vehicle sales.

Latin American Logistics Firm Acquired by Dubai-Based Company

Dubai-based Abraaj Group has announced the acquisition of a majority stake in URBANO Express, a courier and light logistics solutions company in Latin America with operations in Peru, Ecuador and El Salvador.

Ecuadorian Army Takes Delivery of Chinese Support Vehicles

The Ecuadorian Army received 709 logistics support vehicles during a recent ceremony at Ft. Huancavilca in Guayaquil.

Ecuador to Promote Electric Vehicle Use

The Coordination Ministry of Production, Employment and Competitiveness (CMPEC) recently signed a framework agreement with several vehicle companies to promote the use of electric vehicles in Ecuador.

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