Luxury Cars: Sales Grow at 8%

During the first 11 months of 2019, 2,421 luxury vehicles were sold in Panama, a figure 8% higher than that reported for the same period in 2018.

Wednesday, January 8, 2020

According to the most recent report from the General Comptroller of the Republic, between January and November 2018 and the same period in 2019, in general the number of units registered in the country fell slightly, from 45,896 to 44,101.

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From January to November 2019, sales of regular cars reported a decline over the same period in 2018, falling from 15,970 to 15,323 units, and sales of Pick Ups recorded a decrease of 9%, falling from 7,023 to 6,405 units.

Also see "Car Brands: Figures at the Beginning of 2019"

Trucks also recorded a decrease for the months in question, falling from 1,411 to 1,219 units, a 14% decrease. In the case of luxury cars, vehicles sold dropped from 2,242 to 2,421.

See Comptroller's Office statistics.

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More on this topic

Luxury Cars: Sales Still Up

December 2019

During the first ten months of 2019, 2,210 luxury vehicles were sold in Panama, a figure 9% higher than that reported in the same period of 2018.

According to the latest report of the General Comptroller of the Republic, between the first ten months of 2018 and the same period of 2019, the number of units registered in the country fell slightly, from 41,182 to 40,940.

Luxury Cars: Sales Up 6%.

November 2019

The number of luxury vehicles marketed during September in Panama increased by 6% compared to the same month in 2018, a rise that contrasts with the fall in vehicle sales overall.

According to the report of the General Comptroller of the Republic, between the first nine months of 2018 and the same period of 2019, the number of units registered in the country fell from 37,084 to 34,906.

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.

Cars in Panama: Sales Not Picking Up

August 2018

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.

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. 

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