Cars Sale Dip at Start of 2018

Following the trend seen since last year, in January 2018 in car sales in Panama sale registered 3,997 units, 1% less than was reported in the same month in 2017.

Tuesday, March 6, 2018

<span dir="ltr">Figures from the Office of the Comptroller General of the Republic show that in January 2018, 1,552 new vehicles were registered, 10% less than the 1,716 units registered in the same month in 2017.

See: "Imports of car batteries from Mexico"

In the months of January 2017 and 2018, sales of SUV's and Pick Ups vehicles reported a growth of 2% and 14%, when the number of units increased from 1,632 to 1,385 and from 436 to 499 respectively. 

See also: "The Vehicle Market in Central America"

On the other hand, for the months in question, trucks reported an increase of 25% in the units sold, going from 100 to 125.

See statistics by the Controlaria (in Spanish).

More on this topic

Panama: Car Sales Continue Downward Trend

May 2018

Following the downward trend that has been observed for several months, 12,617 units were registered in the first quarter, 11% less than was reported in the same period in 2017.

Figures from the Comptroller General of the Republic show that in the first quarter of 2018, 4,548 new vehicles were registered, 22% less than the 5,790 units registered in the same month in 2017.

Car Sales Down 19% up to February 2018

April 2018

Following the downward trend seen since last year in Panama, in February 3,846 units were registered, 19% less than the amount reported in the same month in 2017.

Figures from the Office of the Comptroller General of the Republic detail that in the second month of 2018, 1,335 new vehicles were registered, 33% less than the 1,999 units registered in the same month in 2017.

Panama: Car Sales Down 14%

January 2018

At the end of November 2017 the downward trend continued, adding up to almost 53 thousand new vehicles registered since January, 14% less than in the same period in 2016.

Figures from the Comptroller General of the Republic show that in November 2017 3,556 new vehicles were registered, almost 50% less than the 6,899 units registered in the same period in 2016.

Panama: Drop in Vehicle Sales

April 2017

In the first two months of the year 8,768 new vehicles were registered, which is 12% less than in the same period in 2016.

Total sales of new vehicles in Panama in the first two months of this year fell by 12% compared with the same period last year, going from 9,992 to 8,768 units, according to figures from the National Institute of Statistics and Census (INEC).

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