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Models / Thunder

Thunder · Motorbike · made in Ecuador

Thunder Bullet M21

Petrol1 versions since 2017
SRI valuation from$1,559BULLET M21
Units 2026207Jan–Sep 2026+3.0% vs Jan–Sep 2025
Annual tax from$7.80on the lowest valuation
Total since 2017688last registered Sep 2026
Current versions1with 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
BULLET M21 PetrolModel year 2027 · Sep 2026 $1,559 $1,559 Sep 2025 207 $7.80

02Annual tax

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

Due at registration
$2.60

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.

$1,500$1,550$1,600$1,650$1,700Jan 2024Jul 2024Jan 2025Jul 2025Jan 2026Jul 2026$1,559Jan 2024 · $1,699Feb 2024 · $1,699Mar 2024 · $1,699Apr 2024 · $1,699May 2024 · $1,699Jun 2024 · $1,699Jul 2024 · $1,699Aug 2024 · $1,699Sep 2024 · $1,559Oct 2024 · $1,559Nov 2024 · $1,559Dec 2024 · $1,559Jan 2025 · $1,559Feb 2025 · $1,559Mar 2025 · $1,559Apr 2025 · $1,559May 2025 · $1,559Jun 2025 · $1,559Jul 2025 · $1,559Aug 2025 · $1,559Sep 2025 · $1,559Oct 2025 · $1,559Nov 2025 · $1,559Dec 2025 · $1,559Jan 2026 · $1,559Feb 2026 · $1,559Mar 2026 · $1,559Apr 2026 · $1,559May 2026 · $1,559Jun 2026 · $1,559Jul 2026 · $1,559Aug 2026 · $1,559Sep 2026 · $1,559
Show the values
MonthBULLET M21
Sep 2026$1,559
Aug 2026$1,559
Jul 2026$1,559
Jun 2026$1,559
May 2026$1,559
Apr 2026$1,559
Mar 2026$1,559
Feb 2026$1,559
Jan 2026$1,559
Dec 2025$1,559
Nov 2025$1,559
Oct 2025$1,559
Sep 2025$1,559
Aug 2025$1,559
Jul 2025$1,559
Jun 2025$1,559
May 2025$1,559
Apr 2025$1,559
Mar 2025$1,559
Feb 2025$1,559
Jan 2025$1,559
Dec 2024$1,559
Nov 2024$1,559
Oct 2024$1,559
Sep 2024$1,559
Aug 2024$1,699
Jul 2024$1,699
Jun 2024$1,699
May 2024$1,699
Apr 2024$1,699
Mar 2024$1,699
Feb 2024$1,699
Jan 2024$1,699

04Sales

Units by month

36 months to Sep 2026
010203040Oct 2023: 0 unitsOct 23Nov 2023: 0 unitsDec 2023: 0 unitsJan 2024: 19 unitsFeb 2024: 16 unitsMar 2024: 23 unitsApr 2024: 27 unitsApr 24May 2024: 22 unitsJun 2024: 17 unitsJul 2024: 15 unitsAug 2024: 9 unitsSep 2024: 8 unitsOct 2024: 21 unitsOct 24Nov 2024: 20 unitsDec 2024: 18 unitsJan 2025: 19 unitsFeb 2025: 20 unitsMar 2025: 24 unitsApr 2025: 21 unitsApr 25May 2025: 22 unitsJun 2025: 23 unitsJul 2025: 24 unitsAug 2025: 26 unitsSep 2025: 22 unitsOct 2025: 31 unitsOct 25Nov 2025: 24 unitsDec 2025: 10 unitsJan 2026: 39 unitsFeb 2026: 11 unitsMar 2026: 20 unitsApr 2026: 30 unitsApr 26May 2026: 20 unitsJun 2026: 18 unitsJul 2026: 19 unitsAug 2026: 22 unitsSep 2026: 28 unitsSep 2628
Show the values
MonthUnits
Sep 202628
Aug 202622
Jul 202619
Jun 202618
May 202620
Apr 202630
Mar 202620
Feb 202611
Jan 202639
Dec 202510
Nov 202524
Oct 202531
Sep 202522
Aug 202526
Jul 202524
Jun 202523
May 202522
Apr 202521
Mar 202524
Feb 202520
Jan 202519
Dec 202418
Nov 202420
Oct 202421
Sep 20248
Aug 20249
Jul 202415
Jun 202417
May 202422
Apr 202427
Mar 202423
Feb 202416
Jan 202419
Dec 20230
Nov 20230
Oct 20230

By year

2026: Jan–Sep 2026
01002003002017: 020172018: 02019: 02020: 020202021: 02022: 02023: 020232024: 2152025: 2662026: 2072026207
Show the values
YearUnits
20170
20180
20190
20200
20210
20220
20230
2024215
2025266
2026207

05Where and who

Province of registration

2026

Where it was registered, not where the buyer lives.

  1. Pichincha75 36%
  2. Azuay43 21%
  3. Guayas30 14%
  4. Los Ríos12 6%
  5. Manabí7 3%
  6. Tungurahua6 3%
  7. Morona Santiago5 2%
  8. Pastaza5 2%

Who buys

2026
  1. Individuals203 98%
  2. Companies4 2%

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 $1,559 (BULLET M21), best sellers over 12 months first.

Compare with the DY200 →