Profits surge for Panamanian car dealer Fasa
Financiera Automotriz (Fasa), owner of Nissan, BMW and Renault distributorships in Panama, registered a net profit of US$6 million in the first six months of the fiscal year, a 35.4 percent year-on-year increase.
Wednesday, May 21, 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.
Sales of automobiles in Guatemala in the first four months of the year were 6.3 percent down on the same period of 2007, in tandem with a slowdown in the economy.
Purdy Motor Company, Veinsa, Xiria Autos and Bavarian Motors announced investments for this year.
Between January and July 2012, car dealerships in Guatemala sold 15.410 units, up 12% compared to sales in the same period in 2011.
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