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.
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.
In the first months of 2018 about 30% of the cars in circulation were of the brands Mitsubishi, Mazda, Chevrolet, Ford, Suzuki, Volkswagen and KIA.
Data from the report "Vehicle Fleet in Central America" compiled by the Business Intelligence Unit at CentralAmericaData, provides details on the characteristics of the different vehicles that transit the streets of Central American countries.
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.
<span dir="ltr">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.
In 2017, the regional spare parts and auto parts market registered a 5% compared to the same period in 2016, motorcycles numbers remain unchanged, and imports of new tires went down 4%.
Data from the interactive report "Automotive market in Central America" compiled by the Business Intelligence Unit at CentralAmericaData.
Up to December 2017, 45% of the vehicles circulating in countries in the region were automobiles, and 13% were light load units.
Data from the report "Vehicular Fleet in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, details the different characteristics of the vehicles that transit the streets of Central American countries.
Between January and April 2018, 17,099 units were registered, 10% less than in the same period in 2017, reaffirming the decreasing trend that has been seen for several months.
Last year the region imported $422 million worth of motorcycles, and 80% of purchases were made from companies in China and India.
Information from the interactive system Motorcycle Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData, [GRAFICA caption="Click to interact with graph"]
Following the downward trend that has been observed for several months, 12,617 units were registered in the first quarter, 11% less than was reported in the same period in 2017.
Following the downward trend seen since last year in Panama, in February 3,846 units were registered, 19% less than the amount reported in the same month in 2017.
<span dir="ltr">Figures from the Office of the Comptroller General of the Republic detail that in the second month of 2018, 1,335 new vehicles were registered, 33% less than the 1,999 units registered in the same month in 2017.
Following the trend seen since last year, in January 2018 in car sales in Panama sale registered 3,997 units, 1% less than was reported in the same month in 2017.
<span dir="ltr">Figures from the Office of the Comptroller General of the Republic show that in January 2018, 1,552 new vehicles were registered, 10% less than the 1,716 units registered in the same month in 2017.
At the end of November 2017 the downward trend continued, adding up to almost 53 thousand new vehicles registered since January, 14% less than in the same period in 2016.
Figures from the Comptroller General of the Republic show that in November 2017 3,556 new vehicles were registered, almost 50% less than the 6,899 units registered in the same period in 2016.
In the first semester of 2017, Central American countries imported $174 million worth of motorcycles, 12% less than in the same period in 2016.
Figures from the information system on the the Motorcycle market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
The union of vehicle dealers in Panama expects stability in sales of new cars next year, after the year 2017 showed deceleration with respect to the previous year.
Laestrella.com.pa reports that "...The executive explained in an interview with Xinhua that Panama should not expect to see a greater fall in 2018 than in 2017, following a period between2000 and 2016, with a slight interruption in 2008 and 2009, in relation to with the global crisis, in which Panama's economy grew significantly, as did vehicle sales."
As of June 2017, 36% of automobile or sedan-type vehicles that circulated in countries in the region were of the Toyota and Hyundai brands.
Data from the report "Vehicle Fleet in Central America 2017" compiled by the Business Intelligence Unit at CentralAmericaData shows different characteristics of the vehicles circulating in Central American countries.
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