The union of vehicle dealers reported that the brands Toyota, Hyundai and Kia led sales in the country, with 35,000 units sold in 2016.
Figures from the Association of Automobile Dealers in Panama (ADAP) indicate that these three brands are the most commonly traded in the country. Capital.com.pa indicates that the Toyota brand"... leads the list with 42,249 vehicles sold in the last three years. In 2014 14,223 cars were sold and although in 2015 there was a drop in sales (13,642) they rebounded in 2016 and 14,384 cars were sold."
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.
The Authority of Urban and Household Waste Disposal is studying the acquisition of new trucks for garbage collection in the district of Panama.
The Authority of Urban and Household Waste Disposal (AAUD by its initials in Spanish) is discussing the acquisition of new trucks for waste collection in the district of Panama. So far they have not said how many vehicles are needed.
During 2012, the country imported $101.3 million worth of trucks for the transport of goods, an increase of approximately 22% compared to 2011, when the figure was $ 83.2 million.
A report on Truck Imports in El Salvador by CentralAmericaData offers a very detailed vision of the market for this product in the country. It allows an analysis of changes in consumption patterns, identification and monitoring of key market participants and a study of the price trends, among other things.
The Panamanian heavy truck market is expected to grow 25% this year.
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.
From yesterday and until March 14th, 31 companies participate in the Car Show, located in Heredia.
It is the fifth edition of this car show, where companies showcase and sell vehicles. Car and motorcycle dealers, heavy machinery companies and vehicle parts and accessories businesses are participating in the event.
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