Análisis de la afectación económica al mercado automotriz ecuatoriano generado por la pandemia COVID-19 en el año 2020

Abstract

The partial suspension of productive activities caused by the pandemic has an impact on the world economy, which underlines the importance of developing a productive method to adjust production to consumer demand. In order for the reopening procedure to be guaranteed, businesses must demonstrate compliance with the sanitary regulations established by the authorities. The global economy, as well as world growth and development, are significantly influenced by the automotive market, occupying the sixth largest economy worldwide in terms of GDP that is comparable to its annual turnover. In 2019, trade in the automotive sector amounted to US$1.5 trillion, surpassing trade in mining products and oil, gas, coal, and communication, but below trade in miscellaneous machinery and chemical products. The auto industry is capital intensive, fosters innovation, attracts billions of dollars in investment, and creates millions of jobs that generate income for billions of people. The objective of this paper is to analyze the economic effects generated in the main companies that lead sales in the Ecuadorian automotive sector caused by the COVID-19 pandemic during the 2019-2020 periods. The research has a descriptive, quantitative and documentary nature, the population was made up of the main companies that lead the sale of vehicles in Ecuador, said information is taken from the primary source Yearbook 2021. The main results indicate that there was a negative variation, without However, through reactivation plans, positive changes are being progressively achieved