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Models / SHM

SHM · Motorbike · made in China

SHM Xplorer

Petrol2 versions since 2017
SRI valuation from$1,204to $1,345
Units 20261,961Jan–Sep 2026+6.4% vs Jan–Sep 2025
Annual tax from$6.02on the lowest valuation
Total since 20175,152last registered Sep 2026
Current versions2with sales in 6 months

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
XPLORER II PetrolModel year 2027 · Sep 2026 $1,345 $1,505 Sep 2025 1,959 $6.72
XPLORER PetrolModel year 2025 · Apr 2026 $1,204 $1,505 Jun 2025 2 $6.02

02Annual tax

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

Due at registration
$2.24

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.

  • XPLORER II
  • XPLORER
$1,100$1,200$1,300$1,400$1,500$1,600Aug 2024Jan 2025Jun 2025Nov 2025Apr 2026Sep 2026XPLORER II $1,345XPLORER $1,204Aug 2024 · XPLORER: $1,483Sep 2024 · XPLORER: $1,483Oct 2024 · XPLORER II: $1,505 · XPLORER: $1,483Nov 2024 · XPLORER II: $1,505 · XPLORER: $1,483Dec 2024 · XPLORER II: $1,505 · XPLORER: $1,483Jan 2025 · XPLORER II: $1,505 · XPLORER: $1,505Feb 2025 · XPLORER II: $1,505 · XPLORER: $1,505Mar 2025 · XPLORER II: $1,505 · XPLORER: $1,505Apr 2025 · XPLORER II: $1,505 · XPLORER: $1,505May 2025 · XPLORER II: $1,505 · XPLORER: $1,505Jun 2025 · XPLORER II: $1,505 · XPLORER: $1,505Jul 2025 · XPLORER II: $1,505 · XPLORER: $1,505Aug 2025 · XPLORER II: $1,505 · XPLORER: $1,505Sep 2025 · XPLORER II: $1,505 · XPLORER: $1,505Oct 2025 · XPLORER II: $1,505 · XPLORER: $1,505Nov 2025 · XPLORER II: $1,505 · XPLORER: $1,505Dec 2025 · XPLORER II: $1,505 · XPLORER: $1,505Jan 2026 · XPLORER II: $1,345 · XPLORER: $1,204Feb 2026 · XPLORER II: $1,345 · XPLORER: $1,204Mar 2026 · XPLORER II: $1,345 · XPLORER: $1,204Apr 2026 · XPLORER II: $1,345 · XPLORER: $1,204May 2026 · XPLORER II: $1,345 · XPLORER: $1,204Jun 2026 · XPLORER II: $1,345 · XPLORER: $1,204Jul 2026 · XPLORER II: $1,345 · XPLORER: $1,204Aug 2026 · XPLORER II: $1,345 · XPLORER: $1,204Sep 2026 · XPLORER II: $1,345 · XPLORER: $1,204
Show the values
MonthXPLORER IIXPLORER
Sep 2026$1,345$1,204
Aug 2026$1,345$1,204
Jul 2026$1,345$1,204
Jun 2026$1,345$1,204
May 2026$1,345$1,204
Apr 2026$1,345$1,204
Mar 2026$1,345$1,204
Feb 2026$1,345$1,204
Jan 2026$1,345$1,204
Dec 2025$1,505$1,505
Nov 2025$1,505$1,505
Oct 2025$1,505$1,505
Sep 2025$1,505$1,505
Aug 2025$1,505$1,505
Jul 2025$1,505$1,505
Jun 2025$1,505$1,505
May 2025$1,505$1,505
Apr 2025$1,505$1,505
Mar 2025$1,505$1,505
Feb 2025$1,505$1,505
Jan 2025$1,505$1,505
Dec 2024$1,505$1,483
Nov 2024$1,505$1,483
Oct 2024$1,505$1,483
Sep 2024—$1,483
Aug 2024—$1,483

04Sales

Units by month

36 months to Sep 2026
0100200300400Oct 2023: 0 unitsOct 23Nov 2023: 0 unitsDec 2023: 0 unitsJan 2024: 0 unitsFeb 2024: 0 unitsMar 2024: 0 unitsApr 2024: 0 unitsApr 24May 2024: 0 unitsJun 2024: 0 unitsJul 2024: 0 unitsAug 2024: 1 unitsSep 2024: 78 unitsOct 2024: 131 unitsOct 24Nov 2024: 186 unitsDec 2024: 168 unitsJan 2025: 88 unitsFeb 2025: 64 unitsMar 2025: 137 unitsApr 2025: 256 unitsApr 25May 2025: 304 unitsJun 2025: 265 unitsJul 2025: 247 unitsAug 2025: 230 unitsSep 2025: 252 unitsOct 2025: 271 unitsOct 25Nov 2025: 267 unitsDec 2025: 246 unitsJan 2026: 220 unitsFeb 2026: 87 unitsMar 2026: 167 unitsApr 2026: 198 unitsApr 26May 2026: 323 unitsJun 2026: 239 unitsJul 2026: 252 unitsAug 2026: 234 unitsSep 2026: 241 unitsSep 26241
Show the values
MonthUnits
Sep 2026241
Aug 2026234
Jul 2026252
Jun 2026239
May 2026323
Apr 2026198
Mar 2026167
Feb 202687
Jan 2026220
Dec 2025246
Nov 2025267
Oct 2025271
Sep 2025252
Aug 2025230
Jul 2025247
Jun 2025265
May 2025304
Apr 2025256
Mar 2025137
Feb 202564
Jan 202588
Dec 2024168
Nov 2024186
Oct 2024131
Sep 202478
Aug 20241
Jul 20240
Jun 20240
May 20240
Apr 20240
Mar 20240
Feb 20240
Jan 20240
Dec 20230
Nov 20230
Oct 20230

By year

2026: Jan–Sep 2026
01,0002,0003,0002017: 020172018: 02019: 02020: 020202021: 02022: 02023: 020232024: 5642025: 2,6272026: 1,96120261,961
Show the values
YearUnits
20170
20180
20190
20200
20210
20220
20230
2024564
20252,627
20261,961

05Where and who

Province of registration

2026

Where it was registered, not where the buyer lives.

  1. Guayas574 29%
  2. Manabí231 12%
  3. Tungurahua157 8%
  4. Pichincha150 8%
  5. Santo Domingo de los Tsáchilas137 7%
  6. Los Ríos109 6%
  7. El Oro108 6%
  8. Cañar107 5%

Who buys

2026
  1. Individuals1,937 99%
  2. Companies24 1%

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

06Rivals by valuation

Motorbike models whose best-selling version is valued within 15% of $1,345 (XPLORER II), best sellers over 12 months first.

Compare with the DY200 →