Consistent with the downward trend reported in 2017, during 2018 50,889 new vehicles were registered in Panama, 11% less than the previous year.

The most recent data from the General Comptroller’s Office of the Republic, detail that in 2018 17,524 new automobile type vehicles were registered, 19% less than the 21,590 units registered in 2017.

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During 2018, sales of SUV‘s reported a 5% decrease over 2017, going down from 19,557 to 18,501 units, and Pick Ups sales recorded a 4% decrease, going down from 8,021 to 7,703 units.

Also see “Auto Brands in Central America: Figures at the end of 2018”

On the other hand, trucks also registered a decrease for the years concerned, dropping from 1,714 to 1,546 units, representing a 10% decrease.

The 11% drop in year-on-year sales in 2018 is less than the 15% decline reported in 2017.

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