Cars in Panama: Sales Not Picking Up

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.

Monday, August 6, 2018

an>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. 

See also "What Car Brands are Circulating in Central America?"

During the first six months of 2018, sales of SUV's fell by 9% compared to the same period in 2017, down from 9,767 to 8,851 units, and sales of Pick Up Trucks registered a decrease of 7%, falling from 4,151 to 3,878 units. 

See also "Automotive workshops: Where are they located?"

For their part, trucks also registered a decrease in the periods in question, falling from 972 to 825 units, which represents a decrease of 15%. 

The 13% fall recorded in year-on-year sales accumulated during the first half of the year, exceeds the 12% contraction reported from January to June 2017. 

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. 

Car Sales Free-Falling

July 2018

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.

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.

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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