Trucks Sales To Increase 25% in Panama

The Panamanian heavy truck market is expected to grow 25% this year.

Thursday, September 16, 2010

Manager Alejandro Álvarez, from Equipa Panamá S.A. pointed to Laestrella.com.pa that the truck market is a good indicator of economic reactivation.

"Equipa Panamá S.A., official distributor of International Trucks in Panama, ensured that the enlargement of the Panama Canal opens an excellent opportunity to this type of companies", published Laestrella.com.pa.

More on this topic

Purdy Codaca Motor to Sell Hino Trucks in Mexico

May 2009

The Costa Rican-Guatemalan owned company will seek to position Hino brand trucks in various states of northern Mexico.

The company, Codaca Group, with 36 years of experience assembling and distributing Hino trucks in Guatemala, formed a partnership with Purdy Motor.

Elperiodico.com.gt reported the statements of Danilo Siekavizza, president of the Sika Group and owner of Codaca "We already hired personnel for the first showroom in Chihuahua."

Costa Rica: The Transport Vehicle Market

July 2011

Representatives of the sector have reported an increase in sales primarily in light load transport vehicles.

Cesar Brenes Quiros provides an analysis in Elfinancierocr.com on the automotive market in consultation with the principal distributors of vehicles.

Purdy Motor, distributor of the Hino brand, reported a 46% increase in sales in 2010 compared to 2009.

Hino Distribution Group Invests $3 billion in Honduras

August 2011

Codaca Group, distributor of Hino brand trucks, made the investment for the upgrade of its facilities in San Pedro Sula.

The group's executive chairman, Manuel Siekavizza said during the opening ceremony for the new works, that they have increased their workforce to 140 people.

Costa Rica: Truck Imports Soar

November 2016

In the first ten months of the year distribution agencies report having sold 2,115 units.

The companies who are member of the Association of Importers of Vehicles and Equipment (Aivema) reported increases of between 4.6% and 10% in imports of trucks in recent years, in a market with a high level of competition. 

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