Panama government spends US$18 million on automobiles

Over the last 12 months, Panama's state institutions have spent a total of US$18 million on purchases of automobiles and buses through the PanamaCompra website.

Thursday, May 29, 2008

But Edilberto Ruiz, director of public contracts said that the amount only seemed high because the purchases are bundled together now on the website. Previously each government department bought vehicles separately and no total figure was published, Ruiz said.

More on this topic

The Best Selling Cars in Panama

March 2017

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.

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."

Panama: $ 3.6 Billion in State Purchases

October 2010

The state of Panama invited bids for $3.6 billion worth of contracts so far 2010 through its website Panamacompra.org.

The data was included in a report submitted by the Public Purchase Agency, which details how the various agencies have implemented the various bidding processes.

Car Sales in Panama Continue to Decline

June 2009

Decreases of 31% and 28% were reported in April and May respectively when compared to the same months last year.

According to the Automobile Distributors Agency Association of Panama (ADAP), since the beginning of the year, sales have been reporting decreases; 28% in January, 18% in February and 12% in March.

Panama's auto sales grow by 19%

July 2008

During the first six months of this year, automobile distributors sold 22,227 new cars, up 19 percent from the same period last year.

While 19 percent may seem impressive, it's down from last year's growth of 29 percent, according to the Panama Association of Auto Distributors.

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