In the first two months of the year 8,768 new vehicles were registered, which is 12% less than in the same period in 2016.

Total sales of new vehicles in Panama in the first two months of this year fell by 12% compared with the same period last year, going from 9,992 to 8,768 units, according to figures from the National Institute of Statistics and Census (INEC).

The reduction in the number of registered vehicles was recorded in all categories of vehicles.  In the case of cars, a total of 3,715 new units were registered in January and February, 15% less than in the first two months of 2016.  

See also: “Statistics on Tire Market in Central America“

Luxury car registration fell by almost 9%, with 343 new units registered in the period in question. In the case of pick up trucks, 990 new units were registered, 22% less than in the first two months of 2016.

See statistics published by the INEC.