No One Wants New Cars in Panama Anymore?

Between January and September 2018, in accordance with the behavior reported since last year, 37,078 new vehicles were registered, 13% less than in the same period in 2017.

Friday, November 2, 2018

According to the most recent figures of the General Comptroller, from January to September 2018, 12,938 new automobile type vehicles were registered, 21% less than the 16,299 units registered in the same period of 2017.

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During the first nine months of 2018, SUV sales reported a 9% decrease over the same period in 2017, falling from 14,387 to 13,158 units, and Pick Ups sales recorded a 5% decrease, falling from 6,025 to 5,698 units.

Also see "What Car Brands are Circulating in Central America?"

On the other hand, trucks also registered a decrease for the periods in question, falling from 1,356 to 1,154 units, which represents a decrease of 15%.

The 12.8% drop in year-on-year sales during the first nine months of the year is like the 13.3% decline reported from January to September 2017.

See Comptroller's statistics.

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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. 

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. 

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.

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