Vehicles: Sales Keep Declining

In Panama, the decreasing behavior of reported sales continues, since between January and August of this year 31,498 vehicles were registered in the country, 6% less than in the same period of 2018.

Tuesday, October 8, 2019

According to the latest report of the General Comptroller of the Republic, between the first eight months of 2018 and the same period of 2019, the number of units registered in the country fell from 33,349 to 31,498.

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From January to August 2019, sales of regular cars reported a decrease over the same period in 2018, falling from 11,789 to 10,983 units, and Pick Ups sales recorded a decrease of 8%, falling from 5,100 to 4,699 units.

Also see "Car Brands: Figures at the Beginning of 2019

On the other hand, trucks also recorded a decrease for the months in question, falling from 1,065 to 876 units, representing an 18% decrease.

See Comptroller's Office statistics.

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More on this topic

Luxury Cars: Sales Grow at 8%

January 2020

During the first 11 months of 2019, 2,421 luxury vehicles were sold in Panama, a figure 8% higher than that reported for the same period in 2018.

According to the most recent report from the General Comptroller of the Republic, between January and November 2018 and the same period in 2019, in general the number of units registered in the country fell slightly, from 45,896 to 44,101.

Vehicles: Is the Sales Trend Reversed?

September 2019

Although the downward trend in new vehicle sales continues in Panama, the declines in the number of units marketed reported in recent months compared to the same periods in 2018 are decreasing.

In line with the downward behavior of recent years, between January and May 2019 19,819 vehicles were registered in the country, 9% less than in the same period in 2018, and for the period from January to June it was reported that the year-on-year fall was 8%.

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.

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