Panama: Car Imports Up 8%

In the first five months of the year imports of regular cars fell by 4% compared to the same period in 2015, and the luxury car segment fell by 11%.

Tuesday, July 19, 2016

Figures from the Office of the Comptroller General of Colombia highlighted the 7.7% increase in vehicle imports in the first five months of the year compared to the same period in 2015.

Between January and May 27,457 new vehicles came into the country, of which 42% were regular cars, 4% luxury cars and 29% SUVs.

19% corresponded to pick up's, buses and minivans. In the same period 852,121 units of trucks and other vehicles were imported.

In the segment of regular cars, a 4% drop was seen in the period in question, and a decrease of almost 11% in imports of luxury cars.

See figures from the Office of the General Comptroller. (In Spanish)

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More on this topic

Luxury Cars: Sales Grow at 8%

January 2020

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.

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.

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.

Panama: Auto Sales Still Low

July 2017

Between January and May of this year there were 24,553 new vehicles, 10% less than in the same period in 2016, reinforcing the downward trend seen since the beginning of the year.

Figures compiled by the Office of the Comptroller General of the Republic indicate that 5,667 new vehicles were registered in May: 2,095 were automobiles (-17% compared to the same period in 2016), 212 luxury cars (-6.8% (-25%), 910 pickup trucks (-15.7%), 97 buses (-29%), 223 trucks (-3%), 94 minivans (-13.5%), 117 vans, 9%) and 29 (13.6%) registered in the category 'Other'.

Panama: More Pickup Trucks and Fewer Cars

January 2017

Between January and November 2016 imports of standard and luxury cars fell by 5% and 15% compared to the same period in 2015, respectively, while pickups grew by 20%.

Data from the General Comptroller of the Republic shows that total imports of new vehicles grew by 3.2% in the first eleven months of the year compared to the same period in 2015. 

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