The Best Selling Cars in Panama

The union of vehicle dealers reported that the brands Toyota, Hyundai and Kia led sales in the country, with 35,000 units sold in 2016.

Friday, March 31, 2017

Figures from the Association of Automobile Dealers in Panama (ADAP) indicate that these three brands are the most commonly traded in the country.  Capital.com.pa indicates that the Toyota brand   "... leads the list with 42,249 vehicles sold in the last three years. In 2014 14,223 cars were sold and although in 2015 there was a drop in sales (13,642) they rebounded in 2016 and 14,384 cars were sold."

See: "Age of the Vehicle Fleet in Central America"

"... In second place is Hyundai, Korean-made vehicles, whose sales have varied. In 2014, 10,640 cars were sold and in 2015 there was a rebound in sales, reaching 11,621 and in 2016 the total sales reached 11,511 vehicles, a figure which represents a decrease of 1% compared to the previous year.

See also: "Figures on Vehicle Fleet in Panama"

"... Meanwhile, the Korean brand KIA ranks third in the ADAP´s list with a figure of 30,871 cars sold in the last three years and their numbers have been increasing. In 2014, 9,636 vehicles of this brand were sold, and in 2015 this total reached 10,575 vehicles rising to a total of 10,660 in 2016."

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More on this topic

Panama: Car Sales Up 7%

January 2015

In 2014 60.304 new vehicles were sold, 7% more than in 2013, with Toyota, Hyundai and KIA being the top of the list of best selling brands.

According to the Automobile Dealers Association of Panama (ADAP), sales projections for 2014 were for 58,000 units, however, with the Panama Motor Show sales surpassed 60,000 units. It is expected that for 2015 growth will be around 2% to 4%.

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: Sales of New Cars Up 4.7%

August 2014

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.

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.

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.

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