Cars Sale Dip at Start of 2018


News from Panama / Tuesday, March 13th, 2018

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.

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.

See: “Imports of car batteries from Mexico

In the months of January 2017 and 2018, sales of SUV‘s and Pick Upsvehicles reported a growth of 2% and 14%, when the number of units increased from 1,632 to 1,385 and from 436 to 499 respectively.

See also: “The Vehicle Market in Central America

On the other hand, for the months in question, trucks reported an increase of 25% in the units sold, going from 100 to 125.

See statistics by the Controlaria (in Spanish).

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