Panama government spends US$18 million on automobiles

Over the last 12 months, Panama's state institutions have spent a total of US$18 million on purchases of automobiles and buses through the PanamaCompra website.

Thursday, May 29, 2008

But Edilberto Ruiz, director of public contracts said that the amount only seemed high because the purchases are bundled together now on the website. Previously each government department bought vehicles separately and no total figure was published, Ruiz said.

More on this topic

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.

Car Sales in Panama Continue to Decline

June 2009

Decreases of 31% and 28% were reported in April and May respectively when compared to the same months last year.

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.

Panama: $ 3.6 Billion in State Purchases

October 2010

The state of Panama invited bids for $3.6 billion worth of contracts so far 2010 through its website

The data was included in a report submitted by the Public Purchase Agency, which details how the various agencies have implemented the various bidding processes.

Car Sales Up 16% in Panama

November 2013

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.

The top selling brands include Hyundai, Toyota and Kia. The first had a growth of 9% between January and October, while Toyota and Kia sales increased by 23% and 35% respectively, compared with the previous year.

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