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).
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.
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.
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)".
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