Car Sales in Panama Up 16%

In the first quarter of 2013, 17,105 cars were sold , ie 2,296 more than in the same period in 2012.

Wednesday, May 15, 2013

Prensa.com reports that "this represents an increase of 16% as from January to April 2012 14,809 units were sold, according to statistics from the Automobile Dealers Association of Panama (ADAP)".

The best selling brand during this period was Toyota with 3,672 units, followed by Hyundai with 3,556 units and Nissan 2,460 with new units.

"Kia, Suzuki, Honda, Chevrolet, Ford, Isuzu and Mitsubishi were also are among the ten best-selling brands in the first quarter of 2013."



More on this topic

Panama: Car Sales Up 7%

January 2015

In 2014 60.304 new vehicles were sold, 7% more than in 2013, with Toyota, Hyundai and KIA being the top of the list of best selling brands.

According to the Automobile Dealers Association of Panama (ADAP), sales projections for 2014 were for 58,000 units, however, with the Panama Motor Show sales surpassed 60,000 units. It is expected that for 2015 growth will be around 2% to 4%.

Panama: Cars Sales Continue to Lose Strength

September 2014

In the first eight months of the year car sales increased by 5% compared to the same period last year, a rate which is less than the growth in previous months.

The speed of growth in car sales in Panama continues to decline. Between January and August 38,034 vehicles were sold, which is just over the 36,190 units sold in the same period in 2013, according to data from the Association of Automobile Dealers in Panama (Adap).

Panama: Sales of New Cars Up 4.7%

August 2014

In the first seven months of this year 33,245 new vehicles were sold, which is 4.7% more than in the same period last year, with Toyota, Hyundai and Kia's being the best-selling brands.

During the first seven months of this year 33,245 new vehicles were sold in the country, 4.7% more than the 31,745 units sold between January and July 2013, maintaining the dynamism of previous months.

Panama: Automotive Boom Continues

May 2014

In the first four months of the year 18,000 new cars were sold, 10% more than in the same period in 2013.

With the sale of 4,797 new vehicles between January and April 2014, Toyota ranks as the best-selling car brand in the country. In second place is Hyundai, with 3,245 units and in in third place Kia, with 2,917 vehicles sold.

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