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Models / Thunder

Thunder · Motorbike · made in Ecuador

Thunder Bullet M2

Petrol1 versions since 2017
SRI valuation from$1,095BULLET M2
Units 202616Jan–Sep 2026−86.4% vs Jan–Sep 2025
Annual tax from$5.48on the lowest valuation
Total since 2017551last 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 M2 PetrolModel year 2025 · Sep 2026 $1,095 $1,369 Sep 2025 16 $5.48

02Annual tax

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

Due at registration
$1.83

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.

$1,000$1,200$1,400$1,600$1,800Apr 2023Nov 2023Jun 2024Jan 2025Aug 2025Mar 2026$1,095Apr 2023 · $1,749May 2023 · $1,749Jun 2023 · $1,749Jul 2023 · $1,749Aug 2023 · $1,749Sep 2023 · $1,749Oct 2023 · $1,749Nov 2023 · $1,749Dec 2023 · $1,749Jan 2024 · $1,779Feb 2024 · $1,779Mar 2024 · $1,779Apr 2024 · $1,779May 2024 · $1,779Jun 2024 · $1,469Jul 2024 · $1,469Aug 2024 · $1,469Sep 2024 · $1,469Oct 2024 · $1,469Nov 2024 · $1,469Dec 2024 · $1,469Jan 2025 · $1,369Feb 2025 · $1,369Mar 2025 · $1,369Apr 2025 · $1,369May 2025 · $1,369Jun 2025 · $1,369Jul 2025 · $1,369Aug 2025 · $1,369Sep 2025 · $1,369Oct 2025 · $1,369Nov 2025 · $1,369Dec 2025 · $1,369Jan 2026 · $1,369Feb 2026 · $1,369Mar 2026 · $1,095Apr 2026 · $1,095May 2026 · $1,095Jun 2026 · $1,095Jul 2026 · $1,095Aug 2026 · $1,095Sep 2026 · $1,095
Show the values
MonthBULLET M2
Sep 2026$1,095
Aug 2026$1,095
Jul 2026$1,095
Jun 2026$1,095
May 2026$1,095
Apr 2026$1,095
Mar 2026$1,095
Feb 2026$1,369
Jan 2026$1,369
Dec 2025$1,369
Nov 2025$1,369
Oct 2025$1,369
Sep 2025$1,369
Aug 2025$1,369
Jul 2025$1,369
Jun 2025$1,369
May 2025$1,369
Apr 2025$1,369
Mar 2025$1,369
Feb 2025$1,369
Jan 2025$1,369
Dec 2024$1,469
Nov 2024$1,469
Oct 2024$1,469
Sep 2024$1,469
Aug 2024$1,469
Jul 2024$1,469
Jun 2024$1,469
May 2024$1,779
Apr 2024$1,779
Mar 2024$1,779
Feb 2024$1,779
Jan 2024$1,779
Dec 2023$1,749
Nov 2023$1,749
Oct 2023$1,749
Sep 2023$1,749
Aug 2023$1,749
Jul 2023$1,749
Jun 2023$1,749
May 2023$1,749
Apr 2023$1,749

04Sales

Units by month

36 months to Sep 2026
0204060Oct 2023: 16 unitsOct 23Nov 2023: 20 unitsDec 2023: 9 unitsJan 2024: 15 unitsFeb 2024: 7 unitsMar 2024: 15 unitsApr 2024: 6 unitsApr 24May 2024: 10 unitsJun 2024: 14 unitsJul 2024: 24 unitsAug 2024: 30 unitsSep 2024: 42 unitsOct 2024: 33 unitsOct 24Nov 2024: 25 unitsDec 2024: 23 unitsJan 2025: 25 unitsFeb 2025: 7 unitsMar 2025: 14 unitsApr 2025: 25 unitsApr 25May 2025: 18 unitsJun 2025: 15 unitsJul 2025: 7 unitsAug 2025: 3 unitsSep 2025: 4 unitsOct 2025: 2 unitsOct 25Nov 2025: 1 unitsDec 2025: 1 unitsJan 2026: 5 unitsFeb 2026: 0 unitsMar 2026: 3 unitsApr 2026: 1 unitsApr 26May 2026: 0 unitsJun 2026: 2 unitsJul 2026: 1 unitsAug 2026: 0 unitsSep 2026: 4 unitsSep 264
Show the values
MonthUnits
Sep 20264
Aug 20260
Jul 20261
Jun 20262
May 20260
Apr 20261
Mar 20263
Feb 20260
Jan 20265
Dec 20251
Nov 20251
Oct 20252
Sep 20254
Aug 20253
Jul 20257
Jun 202515
May 202518
Apr 202525
Mar 202514
Feb 20257
Jan 202525
Dec 202423
Nov 202425
Oct 202433
Sep 202442
Aug 202430
Jul 202424
Jun 202414
May 202410
Apr 20246
Mar 202415
Feb 20247
Jan 202415
Dec 20239
Nov 202320
Oct 202316

By year

2026: Jan–Sep 2026
01002003002017: 020172018: 02019: 02020: 020202021: 02022: 02023: 16920232024: 2442025: 1222026: 16202616
Show the values
YearUnits
20170
20180
20190
20200
20210
20220
2023169
2024244
2025122
202616

05Where and who

Province of registration

2026

Where it was registered, not where the buyer lives.

  1. Morona Santiago5 31%
  2. Pichincha3 19%
  3. El Oro2 13%
  4. Imbabura1 6%
  5. Loja1 6%
  6. Manabí1 6%
  7. Napo1 6%
  8. Azuay1 6%

Who buys

2026
  1. Individuals16 100%
  2. Companies0 0%

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 $1,095 (BULLET M2), best sellers over 12 months first.

Compare with the XY150-15 →