Panama: Car Sales Keep Falling

In September, registrations of new vehicles showed a 13% decrease compared to the same month in 2016, mainly explained by a 20% drop in the sale of automobiles.

Friday, November 3, 2017

Figures from the Comptroller General of the Republic show that between January and September, 4,301 new vehicles were registered, 13% less than the 5,083 units registered in the same period in 2016.

See also "Auto Parts in Central America: A $1 Billion Market"

The largest year-on-year reduction was reported by automobiles, panel vans, pick up trucks and buses, which in the period in question registered falls of 20%, 21%, 20% and 27%, respectively.

September data reinforces the downward trend seen in the sales of new vehicles since the beginning of the year, after having registered increases of 7% between 2015 and 2016 and almost 10% between 2014 and 2015.

See statistics by the Contraloria.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

No One Wants New Cars in Panama Anymore?

November 2018

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.

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.

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.

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'.

Guatemala: Car Sales Down

May 2017

The distributors' association reports a reduction of almost 4% in new vehicle sales for the first quarter of the year compared to the same period in 2016.

Jean Pierre Devaux, executive director of the Association of Importers and Distributors of Motor Vehicles (Aidva), commented to S21.gt that between January and March of this year "... 6 thousand 894 new units have been sold."

 close (x)

Receive more news about Auto Industry

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 26)
Brent Crude Oil
55.910
Coffee "C"
125.65
Gold
1,852
Silver
25.44