26% Increase In New Vehicle Sales in PanamaThursday, July 14, 2011 In the first six months of the year a total of 22,108 new cars were sold, 26% more than in the same period in 2010. According to data provided by the Automobile Dealers Association of Panama, the most sales were made in February and April, 43% and 41% respectively. Panama: Car Sales Boom in OctoberFriday, November 12, 2010 4,939 new cars were sold during that month, 46% higher than the same period of 2009. In the first ten months of the year, sales grew by 16%, boosted by the October numbers. Car Sales in Panama Up 16%Wednesday, May 15, 2013 In the first quarter of 2013, 17,105 cars were sold , ie 2,296 more than in the same period in 2012. Prensa.com reports that "this represents an increase of 16% as from January to April 2012 14,809 units were sold, according to statistics from the Automobile Dealers Association of Panama (ADAP)". Panama's auto sales grow by 19%Wednesday, July 9, 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. Panama: Car Sales up 25% in FebruaryFriday, March 15, 2013 In the first two months of 2013 automakers sold 10% more cars than in the same period of 2012. During January and February 2013, 7994 units were sold in Panama, or 755 more vehicles than were sold in the same period of 2012, equivalent to a growth of 10%. "Panama Motor Show" Kicks OffThursday, October 15, 2009 The fair will be held from October 16 to 25, at Atlapa Conventions Center. 20 dealerships, 12 banks and 5 insurers will await the 30.000 expected visitors. Panamanian Car Sales IncreaseThursday, October 13, 2011 In the first nine months of the year new car sales increased by 26% compared to the same period in 2010. According to the Automobile Dealers Association of Panama (ADAP), in September a total of 32,720 new cars were sold. Sector expectations are that at the end of the year the total amount of cars sold will be 44,000. Panama: Automotive Boom ContinuesThursday, May 22, 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. Car Sales in Panama Continue to DeclineFriday, June 5, 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. New Player in Automotive MarketMonday, April 16, 2018 Ricardo Pérez S.A., distributor of Toyota and Lexus in Panama, has signed an alliance with the Japanese Itochu Corporation, which will have a majority stake in the automotive company. In a statement posted on its website, Grupo Corporativo Pérez announced that the Japanese multinational ITOCHU Corporation will have a majority and joint share with the group in the distribution company of the brands of Toyota Corp. Panama: Car Sales Up 17% in JulyMonday, September 16, 2013 Between January and July 2013 car dealerships sold 31,745 new cars while in the same period of 2012 the figure was 27,142. The statistics were supplied by the Automobile Dealers Association of Panama (ADAP). During the first months of 2013 more than 4,603 cars were sold than in the same period in 2012. Car Sales Up 16% in PanamaTuesday, November 26, 2013 Between January and October 2013 car dealers sold 46,983 new vehicles, more than the 6,379 cars sold in the same period of 2012. The top selling brands include Hyundai, Toyota and Kia. The first had a growth of 9% between January and October, while Toyota and Kia sales increased by 23% and 35% respectively, compared with the previous year. Panamanians Bought 5416 Cars in OctoberTuesday, November 15, 2011 In the first 10 months of 2011, 38,136 new cars were sold, 24% more than were sold in the same period last year. Agencies now hope to achieve the goal of selling 44,000 new cars this year. Sale of automobiles slows in PanamaWednesday, November 5, 2008 Sales by the sector reflect the economic condition of the country. Next year, car sales will depend on banking policies. This rate of growth, 33% of sales, is the lower than in 2007. Panama: Car Sales Up 19% in MarchWednesday, April 10, 2013 During the third month of 2013 automakers in Panama sold 19% more cars than in the same period in 2012. According to the Automobile Dealers Association of Panama (ADAP), in March 4479 units were sold, while in the same period last year the figure was 3771. |
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