Panama: Vehicle Imports Up 3.5%

Between January and October of this year 56,976 new vehicles were registered in the country, 3.5% more than in the same period in 2015.

Tuesday, December 6, 2016

The growth rate in the first ten months of the year contrasts with the growth rate registered in September, which was 8%. 

Of the total number of registered vehicles during the first 10 months of the year, 42% were regular cars, 3.7% luxury cars, 29% SUVs, 1.7% minivans, 2% vans, 14% pick ups, 2.3% buses, 3.4% trucks, and 0.40% were others, according to figures from the Office of the Comptroller General of Colombia.

See also: "Figures on Vehicle Fleet in Panama"

October was the month in which the largest number of vehicles were imported, 7,917 units, followed by March, with 6,013 recorded.

In the case of luxury cars there was a decrease of 14.4% compared to the same period last year, the only type of sale in which there was an interannual fall. The negative variation had not been seen in the same periods in previous years.

Positive changes were highlighted in the registration of buses, with 21.7%, after a drop of 26% that had occurred between the same periods of 2015/2014.

See statistics compiled by the Comptroller General. (In Spanish) 

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More on this topic

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.

Panama: Car Imports Up 8%

July 2016

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%.

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.

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