Automobile Sales Drop 28% in Panama

At the January closing, the total sale of units was 3,044 while the figure was 4,241 during the same period in 2008.

Thursday, February 12, 2009

Laestrella.com.pa publishes: "Ricardo Pérez, S.A. sold 733 Toyota cars, which means that the sales decreased 43% compared to 2008, when in the same period they sold 1,297 units."

"Panamotor sold 650 Nissan cars. That is to say, its demand fell 10%..."

More on this topic

New Car Sales in Panama Up 15%

October 2013

In the first eight months of 2013 36,189 vehicles were sold, 4,848 more than in the same period of 2012.

The data was supplied by the Comptroller General of the Republic.

Laestrella.com.pa reports that "the best sellers were in the category of sedans, coupes and trucks with a total of 16,473 units sold (22% more than in 2012).

Panama: Car Sales Boom in October

November 2010

4,939 new cars were sold during that month, 46% higher than the same period of 2009.

In the first ten months of the year, sales grew by 16%, boosted by the October numbers.

"The October result, with a 46% increase in sales, was in part due to the Panama Motor Show, where buyers took advantage of great deals in prices and in interest rates," writes Prensa.com.

Car Sales in Panama Drop by 24%

March 2009

February closed with the sale of 2,769 new cars, but 3,394 units were sold during the same period in 2008.

This represents the lowest figure in the last 12 months.

Journalist Manuel Luna wrote in laestrella.com.pa: "Luxury brands were affected such as Mercedes Benz where 23 cars were sold in January and only 15 were sold in February, while Lexus went from 20 to 8 cars sold.

Panama's auto sales grow by 19%

July 2008

During the first six months of this year, automobile distributors sold 22,227 new cars, up 19 percent from the same period last year.

While 19 percent may seem impressive, it's down from last year's growth of 29 percent, according to the Panama Association of Auto Distributors.

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