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Models / Shineray

Shineray · SUV / jeep · made in China

Shineray SWM G03

PetrolElectric4 versions since 2017
SRI valuation from$15,992to $22,490
Units 2026188Jan–Sep 2026+0.5% vs Jan–Sep 2025
Annual tax from$259.76on the lowest valuation
Total since 20171,455last registered Sep 2026
Current versions3with sales in 6 months
Automatic12%of its units, Jan–Sep 2026

SRI valuation: the value SRI assigns to each version to charge the vehicle tax. It is not the dealer’s price, which may include accessories, discounts or different VAT.

01Versions and valuations

Current versions (with sales in the last 6 months) first. The valuation is the most common one among local purchases; direct imports have their own valuation and are counted apart.

Version (as SRI writes it)A year agoAnnual tax
SWM G03 8P AC 1.5 5P 4X2 TM PetrolModel year 2027 · Sep 2026 $17,990 $17,490 Sep 2025 165 $339.60
SWM G03 8P AC 5P 4X2 TA EV ElectricModel year 2026 · Jul 2026 $22,490 $22,490 Sep 2025 20 Exempt
SWM G03 AC 5P 4X2 TA EV ElectricModel year 2025 · Aug 2026 $15,992 $19,990 Sep 2025 3 Exempt

02Annual tax

The national vehicle ownership tax on a new vehicle, by month of purchase. How it is worked out.

Due at registration
$113.20

A reference, not an assessment: the amount due is the one SRI shows at registration. Table from art. 5 of the Ley de Reforma Tributaria; the share by months follows Decree 352 (2010).

03Valuation history

SRI valuation of each current version

month by month · dollars

Each version’s most common value; it moves in steps with each model year or SRI update.

  • SWM G03 8P AC 1.5 5P 4X2 TM
  • SWM G03 8P AC 5P 4X2 TA EV
  • SWM G03 AC 5P 4X2 TA EV
$14,000$16,000$18,000$20,000$22,000$24,000Sep 2023Apr 2024Nov 2024Jun 2025Jan 2026Aug 2026SWM G03 8P AC 5P 4X2 TA EV $22,490SWM G03 8P AC 1.5 5P 4X2 TM $17,990SWM G03 AC 5P 4X2 TA EV $15,992Sep 2023 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490Oct 2023 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Nov 2023 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Dec 2023 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Jan 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Feb 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Mar 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Apr 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990May 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Jun 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Jul 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Aug 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $21,990Sep 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Oct 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Nov 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Dec 2024 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Jan 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Feb 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Mar 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Apr 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990May 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Jun 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Jul 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Aug 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Sep 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Oct 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Nov 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Dec 2025 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Jan 2026 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Feb 2026 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Mar 2026 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Apr 2026 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,490 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990May 2026 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,990 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Jun 2026 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,990 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $19,990Jul 2026 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,990 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $15,992Aug 2026 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,990 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $15,992Sep 2026 · SWM G03 8P AC 1.5 5P 4X2 TM: $17,990 · SWM G03 8P AC 5P 4X2 TA EV: $22,490 · SWM G03 AC 5P 4X2 TA EV: $15,992
Show the values
MonthSWM G03 8P AC 1.5 5P 4X2 TMSWM G03 8P AC 5P 4X2 TA EVSWM G03 AC 5P 4X2 TA EV
Sep 2026$17,990$22,490$15,992
Aug 2026$17,990$22,490$15,992
Jul 2026$17,990$22,490$15,992
Jun 2026$17,990$22,490$19,990
May 2026$17,990$22,490$19,990
Apr 2026$17,490$22,490$19,990
Mar 2026$17,490$22,490$19,990
Feb 2026$17,490$22,490$19,990
Jan 2026$17,490$22,490$19,990
Dec 2025$17,490$22,490$19,990
Nov 2025$17,490$22,490$19,990
Oct 2025$17,490$22,490$19,990
Sep 2025$17,490$22,490$19,990
Aug 2025$17,490$22,490$19,990
Jul 2025$17,490—$19,990
Jun 2025$17,490—$19,990
May 2025$17,490—$19,990
Apr 2025$17,490—$19,990
Mar 2025$17,490—$19,990
Feb 2025$17,490—$19,990
Jan 2025$17,490—$19,990
Dec 2024$17,490—$19,990
Nov 2024$17,490—$19,990
Oct 2024$17,490—$19,990
Sep 2024$17,490—$19,990
Aug 2024$17,490—$21,990
Jul 2024$17,490—$21,990
Jun 2024$17,490—$21,990
May 2024$17,490—$21,990
Apr 2024$17,490—$21,990
Mar 2024$17,490—$21,990
Feb 2024$17,490—$21,990
Jan 2024$17,490—$21,990
Dec 2023$17,490—$21,990
Nov 2023$17,490—$21,990
Oct 2023$17,490—$21,990
Sep 2023$17,490——

04Sales

Units by month

36 months to Sep 2026
020406080Oct 2023: 61 unitsOct 23Nov 2023: 52 unitsDec 2023: 42 unitsJan 2024: 34 unitsFeb 2024: 59 unitsMar 2024: 62 unitsApr 2024: 39 unitsApr 24May 2024: 35 unitsJun 2024: 26 unitsJul 2024: 29 unitsAug 2024: 31 unitsSep 2024: 28 unitsOct 2024: 30 unitsOct 24Nov 2024: 22 unitsDec 2024: 24 unitsJan 2025: 18 unitsFeb 2025: 18 unitsMar 2025: 27 unitsApr 2025: 27 unitsApr 25May 2025: 18 unitsJun 2025: 23 unitsJul 2025: 13 unitsAug 2025: 21 unitsSep 2025: 22 unitsOct 2025: 18 unitsOct 25Nov 2025: 16 unitsDec 2025: 27 unitsJan 2026: 25 unitsFeb 2026: 16 unitsMar 2026: 22 unitsApr 2026: 29 unitsApr 26May 2026: 26 unitsJun 2026: 19 unitsJul 2026: 21 unitsAug 2026: 13 unitsSep 2026: 17 unitsSep 2617
Show the values
MonthUnits
Sep 202617
Aug 202613
Jul 202621
Jun 202619
May 202626
Apr 202629
Mar 202622
Feb 202616
Jan 202625
Dec 202527
Nov 202516
Oct 202518
Sep 202522
Aug 202521
Jul 202513
Jun 202523
May 202518
Apr 202527
Mar 202527
Feb 202518
Jan 202518
Dec 202424
Nov 202422
Oct 202430
Sep 202428
Aug 202431
Jul 202429
Jun 202426
May 202435
Apr 202439
Mar 202462
Feb 202459
Jan 202434
Dec 202342
Nov 202352
Oct 202361

By year

2026: Jan–Sep 2026
02004006002017: 020172018: 02019: 02020: 020202021: 02022: 02023: 60020232024: 4192025: 2482026: 1882026188
Show the values
YearUnits
20170
20180
20190
20200
20210
20220
2023600
2024419
2025248
2026188

05Where and who

Province of registration

2026

Where it was registered, not where the buyer lives.

  1. Guayas95 51%
  2. Pichincha43 23%
  3. Chimborazo17 9%
  4. Manabí14 7%
  5. Tungurahua6 3%
  6. Azuay6 3%
  7. Imbabura5 3%
  8. Santa Elena1 1%

Who buys

2026
  1. Individuals180 96%
  2. Companies8 4%

SRI’s file has no names: only whether the buyer is an individual or a company.

Colours

2026
  1. Grey70 37%
  2. White45 24%
  3. Black40 21%
  4. Green32 17%
  5. Yellow1 1%

06Rivals by valuation

SUV / jeep models whose best-selling version is valued within 15% of $17,990 (SWM G03 8P AC 1.5 5P 4X2 TM), best sellers over 12 months first.

GrooveChevrolet · 6,254 in 12 months$19,999 GROOVE LTZ AC 1.5 5P 4X2 TMSonetKia · 5,070 in 12 months$19,490 SONET AC 1.5 5P 4X2 TMCretaHyundai · 1,987 in 12 months$19,999 CRETA SU2 AC 1.5 5P 4X2 TMGlory 560DFSK · 1,866 in 12 months$19,990 GLORY 560 AC 1.8 5P 4X2 TMTiggo 2 ProChery · 1,686 in 12 months$17,490 TIGGO 2 PRO A1X SPORT AC 1.5Tiggo 4 ProChery · 1,587 in 12 months$18,990 TIGGO 4 PRO COMFORT AC 1.5 5

Compare with the Groove →