Given the economic crisis generated by the covid-19 outbreak, nine out of ten companies operating locally reduced their revenues and one out of three made temporary closures.
Between May and August 2020, a COVID-19 section was included in the Directory of Businesses and Establishments (DEE) as part of the update, in order for businesses to indicate what the main effects of the pandemic were.
During May 2020, only 96 vehicles were reported for sale in the Panamanian market, 98% less than the same period in 2019.
The General Comptroller of the Republic reported that in the context of restrictions to economic activity by the outbreak of covid-19 sales have fallen considerably, since between May 2019 and the same month of 2020, the number of new units registered in the country decreased from 4,048 to 96.
During the first month of the year, 3,487 luxury vehicles were sold in Panama, a figure 5% higher than that reported for the same period in 2019.
According to the most recent report of the General Comptroller of the Republic, between January 2019 and the same period in 2020, in general the number of units registered in the country increased from 3,324 to 3,487.
After the number of new vehicles sold in Panama fell 11% between 2017 and 2018, this year the distributors’ guild estimates that the year-on-year decline could be just 2%.
In Panama, the downward trend in reported sales continues, since between January and July this year 27,484 vehicles were registered in the country, 5% less than in the same period in 2018.
According to the latest report of the General Comptroller of the Republic, between the first seven months of 2018 and the same period of 2019, the number of units registered in the country fell from 28,970 to 27,484.
In Panama, the downward trend in sales reported in recent years continues, since between January and June this year 23,520 vehicles were registered in the country, 8% less than in the same period in 2018.
According to the latest report of the General Comptroller of the Republic, between the first six months of 2018 and the same period of 2019, the number of units registered in the country fell from 25,521 to 23,520.
Following the downward trend reported in recent years, between January and April this year 15,771 vehicles were registered in the country, 8% less than in the same period in 2018.
The latest report of the General Comptroller of the Republic, details that between the first quarter of 2018 and the same period of 2019, the number of units registered in the country fell from 17,098 to 15,771.
As a result of the downward trend reported in recent years, between January and March this year 11,292 vehicles were registered in the country, 11% less than in the same period in 2018.
The most recent data from the General Comptroller of the Republic detail that between the first quarter of 2018 and the same period of 2019, the number of units registered in the country fell from 12,618 to 11,292.
Focusing on segments looking for SUVs is one of the strategies Panama's new car dealers are using to boost sales.
Focusing on segments that seek vehicles such as Data of the General Comptroller of the Republic of Panama specify that between 2016 and 2017 the number of new vehicles registered in the country fell 15%, and between 2017 and 2018 the fall was 11%.
It is estimated that during 2018 the online purchases made by Guatemalans totaled $900 million, reporting a 13% growth over 2017, and the number of local companies selling through that medium increased 127%.
The guild of Electronic Commerce of the Chamber of Commerce of Guatemala presented the first study that measures this market, which details that between 2017 and 2018 the number of local companies selling electronically increased by 127%, rising from 750 to 1,700.
From January to October of this year, 13 out of 17 domestic consumption activities reported contractions over the same period in 2017.
The third report of the Economic Activities Monitoring of Nicaragua of the Superior Council of Private Enterprise (Cosep) and the Nicaraguan Foundation for Economic and Social Development (Funides), detail that the sales of urbanization companies that build homes of medium-high and high level from January to October of this year are 80% lower than those recorded in the first 10 months of 2017.
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.
Because of sales of medical and precision equipment, exports between January and August 2018 increased by 173% compared to the same period in 2015.
According to figures from the Foreign Trade Promoter (Procomer), in the first eight months of 2015 the sales of the Central American nation to Japan totaled $59 million, a figure that has practically tripled, as reported in the same period of this year, when exports reached $162 million.
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.
Between the first half of 2017 and the same period this year, the state oil company reported a 4% increase in sales.
According to the most recent data from the institution, from January to June of 2018 sales ascended to 1.737 million liters of fuel, which is 4.2% more than the 1.667 million liters reported in the same period in 2017.