Figures from the National Statistics Institute reported that between January and July 2014 28.381 new cars were sold, which is 1,511 more than in the same period in 2013.

"...Official statistics also indicate that the market segment which saw the strongest percentage growth was buses with 1,027 units sold, a 70% increase, followed by minivans (433 units or 23.7%) and luxury cars (1,369 units or 11.4%). "

Raul Abbey, vice president of Comercial de Petro Autos, distributor of Hyundai brand vehicles in Panama, told Capital.com.pa that "... there is no doubt that the Panamanian automotive market again this year could exceed 50,000 units sold, but he believes that it is unlikely that this trend will continue in the medium and long term, as economic growth has slowed this year and all the projections indicate that it will be more moderate in the coming years. "

Source: Capital.com.pa

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