Vehicles in Panama: Sales Fail to Rebound

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.

Wednesday, October 3, 2018

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.

You may be interested in "Car Repair Workshops: Where are they Located?"

SUVs sales during the first eight months of 2018 reported a 9% decrease over the same period in 2017, falling from 12,945 to 11,748 units, and Pick Ups sales recorded a 7% decrease, falling from 5,406 to 5,045 units.

Also see "What Car Brands are Circulating in Central America?"

On the other hand, trucks also decreased for the periods in question from 1,248 to 1,061 units, representing a fall of 15%. 


The 19.6% fall in accumulated year-on-year sales during the first eight months of the year is like the 19.9% decline reported from January to August 2017.

See Comptroller's Office statistics.

Do you need more information about your business sector?

Request info


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: 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.

 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


Stock Indexes

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

Commodities

(Dec 6)
Brent Crude Oil
70.87
Coffee "C"
242.5
Gold
1,785
Silver
22.505