Panama: Car Sales Drop 13% up to July 2017


News from Panama / Wednesday, September 13th, 2017

Between January and July of this year, 33,781 new vehicles were registered, 13% less than in the same period of 2016, reaffirming the downward trend that has been seen since the beginning of the year.

Figures from the Comptroller General’s Office indicate that in July 4,494 new vehicles were registered, distributed as follows: 1,680 automobiles (-19% compared to the same period in 2016), 179 luxury vehicles (-5%), 1,528 SUVs (-6%), 60 minivans (-12%), 87 vans (-22%), 910 pickup trucks (-16%), 89 buses (-28%), 178 trucks (-13%) and 34 (5%) vehicles registered under the category ‘Others’.

See also “Auto Parts in Central America: A $1 Billion Market

July’s figures reinforce the downward trend in new vehicle sales seen since the start of the year, after having registered increases of 7% between 2015 and 2016 and almost 10% between 2014 and 2015.

See statistics compiled by the Comptroller General. (In Spanish) 

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