Panama: Sales of New Cars Up 4.7%

In the first seven months of this year 33,245 new vehicles were sold, which is 4.7% more than in the same period last year, with Toyota, Hyundai and Kia's being the best-selling brands.

Monday, August 18, 2014

During the first seven months of this year 33,245 new vehicles were sold in the country, 4.7% more than the 31,745 units sold between January and July 2013, maintaining the dynamism of previous months.

According to figures from the Association of Automobile Dealers in Panama quoted by Prensa.com, "...The 10 top-selling brands reported positive growth up to July. Toyota remains in first place, followed by Hyundai, Kia, Nissan, Honda, Suzuki, Chevrolet, Ford, Isuzu and Mitsubishi."

"...In July 4851 new vehicles were put on the road or 24 less than in July 2013"

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Car Sales Hold Firm in Panama

November 2014

Although the growth rate is still lower than in previous years, in the first ten months of the year 50,882 vehicles were sold, down 8% compared to the same period in 2013.

It is expected that by the end of 2014, 59, 000 new cars will have been sold throughout the year, which would surpass the sales of 2013, when 56,147 new units were sold.

Panama: Cars Sales Continue to Lose Strength

September 2014

In the first eight months of the year car sales increased by 5% compared to the same period last year, a rate which is less than the growth in previous months.

The speed of growth in car sales in Panama continues to decline. Between January and August 38,034 vehicles were sold, which is just over the 36,190 units sold in the same period in 2013, according to data from the Association of Automobile Dealers in Panama (Adap).

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 in Panama Up 16%

May 2013

In the first quarter of 2013, 17,105 cars were sold , ie 2,296 more than in the same period in 2012.

Prensa.com reports that "this represents an increase of 16% as from January to April 2012 14,809 units were sold, according to statistics from the Automobile Dealers Association of Panama (ADAP)".

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