Car sales drop 28% in Panama

Compared to the 4,095 cars sold in November 2007, last month only 2,931 were sold by dealers.

Thursday, December 11, 2008

However, global sales from January to November 2008 totaled 40,369 while in 2007 during the same period it was 37,795. This difference shows a 6.8% growth in car sales.

The five brands with the most sales this year were Toyota, Nissan, Hyundai, Kia and Honda.

More on this topic

Car Sales in Panama Up 16%

May 2013

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

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)".

Panama: Car Sales Up 19% in March

April 2013

During the third month of 2013 automakers in Panama sold 19% more cars than in the same period in 2012.

According to the Automobile Dealers Association of Panama (ADAP), in March 4479 units were sold, while in the same period last year the figure was 3771.

"In the first three months of this year 12,473 new cars have been sold.

Vehicle Sales Down by 38% in Guatemala

May 2009

From January to March 2009 5,154 new cars were sold, compared with 8,356 units sold during the same period in 2008.

The economic crisis and credit restrictions are the main causes for the drop in new car sales, Brenda Montenegro, executive director of the Association of Importers and Distributors of Motor Vehicles (AIDV), told Prensalibre.com.

Car Sales in Panama Drop by 24%

March 2009

February closed with the sale of 2,769 new cars, but 3,394 units were sold during the same period in 2008.

This represents the lowest figure in the last 12 months.

Journalist Manuel Luna wrote in laestrella.com.pa: "Luxury brands were affected such as Mercedes Benz where 23 cars were sold in January and only 15 were sold in February, while Lexus went from 20 to 8 cars sold.

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