Implicaciones de la regulaión que afecta al mercado de vehículos en el Ecuador (período 2010-2017).

Abstract

There were 366 companies in Ecuador operating in the sale of motor vehicles until 2012. The industry was growing continuously in number of competitors since 2000 until 2009, when this growth stopped. This market has become a focus of attention for regulatory authorities due to two things: the constant outflow of money that represents the import of vehicles and also the environmental impact of the number of vehicles in circulation. The tax burden which impacts the price of vehicles comes from several sources. The item with the highest value is a direct tax on motor vehicles. The total for 2016 was $ 194 million, compared to an Advalorem of $ 181 million and VAT of $ 150 million. In addition, the industry have paid for the Special Consumption Tax, the Tax on Environmental Pollution and the Safeguards. The most recent charge for the companies known as the Customs Control Service Fee will also affect the importers in this sector. Purchase of vehicles has become less attractive due to price fluctuations. Due to the inefficiency of public transport, buying a car becomes almost a necessity for many Ecuadorians. The market has also faced the application of import quotas, which prohibit the free importation of goods. Importers received a maximum quota in both units and in total import FOB, li iting the potential that companies had to generate profits. After this was revoked by the new government, a financial resolution was applied to regulate vehicle loans and thus continue to limit the growth of this market.