Panama: Car Sales Boom in October

4,939 new cars were sold during that month, 46% higher than the same period of 2009.

Friday, November 12, 2010

In the first ten months of the year, sales grew by 16%, boosted by the October numbers.

"The October result, with a 46% increase in sales, was in part due to the Panama Motor Show, where buyers took advantage of great deals in prices and in interest rates," writes

More on this topic

2018 Car Sales Projections

December 2017

The union of vehicle dealers in Panama expects stability in sales of new cars next year, after the year 2017 showed deceleration with respect to the previous year. reports that "...The executive explained in an interview with Xinhua that Panama should not expect to see a greater fall in 2018 than in 2017, following a period between 2000 and 2016, with a slight interruption in 2008 and 2009, in relation to with the global crisis, in which Panama's economy grew significantly, as did vehicle sales."

Panama: Car Sales Up 10%

April 2015

In the first quarter of the year,14,891 new cars were sold, which is 1,298 more than in the same period last year.

It is expected that this year the growth rate will be maintained and will rise above the 7% increase that was reported in 2014, when 60,000 new cars were sold during the year.

Panama: Automotive Boom Continues

May 2014

In the first four months of the year 18,000 new cars were sold, 10% more than in the same period in 2013.

With the sale of 4,797 new vehicles between January and April 2014, Toyota ranks as the best-selling car brand in the country. In second place is Hyundai, with 3,245 units and in in third place Kia, with 2,917 vehicles sold.

Car Sales Up 16% in Panama

November 2013

Between January and October 2013 car dealers sold 46,983 new vehicles, more than the 6,379 cars sold in the same period of 2012.

The top selling brands include Hyundai, Toyota and Kia. The first had a growth of 9% between January and October, while Toyota and Kia sales increased by 23% and 35% respectively, compared with the previous year.

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