Car Sales Free-Falling

Between January and May of 2018, 21,716 new units were registered in Panama, 12% less than in the same period in 2017, reaffirming the downward trend observed since last year.

Wednesday, July 4, 2018

<span dir="ltr">The most up-to-date figures from the Office of the Comptroller General of the Republic show that from January to May 2018, 7,747 new vehicles were registered, 19% less than the 9,549 units registered in the same period in 2017.

See also: "Central America and the automotive market"

During the first five months of 2018, sales of SUV's vehicles reported a decrease of 8% with respect to the same period in 2017, decreasing from 8,237 to 7,602 units, and Pick Up Truck sales registered a decrease of 5%, falling from 3,425 to 3,265 units.

See: "Imports of car batteries from Mexico"

For their part, trucks also registered a decrease in the periods in question, going down from 820 to 690 units, which represents a decrease of 16%.

See statistics from the Comptroller's Office. (In Spanish)

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More on this topic

Vehicles in Panama: Sales Fail to Rebound

October 2018

During the first eight months of 2018, 33,343 new vehicles were registered, 13% less than in the same period of 2017, according to the behavior reported since last year.

The latest figures from the General Comptroller's Office show that from January to August 2018, 11,767 new car-type vehicles were registered, 20% less than the 14,643 units registered in the same period in 2017.

Vehicles: Sales in Panama Worsen

September 2018

During the first seven months of 2018, 28,959 new vehicles were registered, 14% less than in the same period in 2017, aggravating the behavior that has been reported since last year.

According to the latest report from the Office of the Comptroller General of the Republic, from January to July 2018, 10,205 new vehicles were registered, 22% less than the 13,048 units registered in the same period in 2017. 

Cars in Panama: Sales Not Picking Up

August 2018

In line with the behavior reported since last year, during the first semester, 25,522 new vehicles were registered in Panama, 13% less than in the same period in 2017.

According to the latest data from the Office of the Comptroller General of the Republic, between January and June 2018, 9,012 new vehicles were registered, 21% less than the 11,368 units registered in the same period in 2017. 

Panama: Car Sales Still Falling

June 2018

Between January and April 2018, 17,099 units were registered, 10% less than in the same period in 2017, reaffirming the decreasing trend that has been seen for several months.

Figures from the Office of the Comptroller General of the Republic report that from January to April 2018, 6,145 new vehicles were registered, 18% less than the 7,454 units registered in the same period in 2017.

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