Car Sales in Panama Drop by 24%

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

Monday, March 16, 2009

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.
Toyota is still the brand with the highest demand in the country with a total of 674 cars sold in February, followed by Nissan which managed to sell 620 units."

More on this topic

Panama: Automotive Boom Continues

May 2014

In the first four months of the year 18,000 new cars were sold, 10% more than in the same period in 2013.

With the sale of 4,797 new vehicles between January and April 2014, Toyota ranks as the best-selling car brand in the country. In second place is Hyundai, with 3,245 units and in in third place Kia, with 2,917 vehicles sold.

Vehicle Registration Down 50% in Honduras

March 2009

According to the DEI, there have been 100 vehicles registered per day since February, when it used to be 200.

Javier Turcos, from the tax authority(DEI), indicated to la Prensa of Honduras: "We are registering 50 private and 50 agency vehicles daily. It used to be twice that amount. The downturn has been noticed since February."

Automobile Imports Down 61% in Guatemala

March 2009

In February 2009, 1,156 new cars were imported, a drop of 61.5% when compared to the 2,927 new cars imported in February 2008.

With regard to used vehicle imports, the decrease during the same period was 31.5% because 5,613 units were imported in February 2009 and there were 8,200 during the same period in 2008.

Car sales drop 28% in Panama

December 2008

Compared to the 4,095 cars sold in November 2007, last month only 2,931 were sold by dealers.

However, global sales from January to November 2008 totaled 40,369 while in 2007 during the same period it was 37,795. This difference shows a 6.8% growth in car sales.

The five brands with the most sales this year were Toyota, Nissan, Hyundai, Kia and Honda.

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