Car Sales in Panama Continue to Decline
Decreases of 31% and 28% were reported in April and May respectively when compared to the same months last year.
Friday, June 5, 2009
According to the Automobile Distributors Agency Association of Panama (ADAP), since the beginning of the year, sales have been reporting decreases; 28% in January, 18% in February and 12% in March.
During the first six months of this year, automobile distributors sold 22,227 new cars, up 19 percent from the same period last year.
In the first eight months of the year car sales increased by 5% compared to the same period last year, a rate which is less than the growth in previous months.
Between January and October 2013 car dealers sold 46,983 new vehicles, more than the 6,379 cars sold in the same period of 2012.
During the third month of 2013 automakers in Panama sold 19% more cars than in the same period in 2012.
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