Cars in Panama: Sales Keep Improving
Thursday, November 5, 2020
After reporting the sale of only 96 vehicles in May, due to the quarantine decreed by the covid-19 outbreak, in July the figure rose to 1,112, in August to 1,398 and in September to 2,403 units.
The General Comptroller of the Republic has been reporting that in the context of restrictions to commercial activity due to the health emergency, sales have fallen considerably, since between September 2019 and the same month in 2020, the number of new units registered in the country decreased by 29%, from 3,408 to 2,403.

See "Vehicles: Sales Potential by Brand"

From January to September 2020, sales of regular automobiles reported a 58% decrease compared to the same period in 2019, falling from 12,158 to 5,036 units, and sales of Pick Ups registered a 52% decrease, falling from 5,175 to 2,481 units.

You may be interested in "Vehicles: Prices, Trends and Potential Market"

Trucks also registered a decrease for the months in question, falling from 1,006 to 465 units, which represents a 56% decrease.

See statistics from the Comptroller's Office.

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More on this topic
Vehicles in Panama: Sales Almost Zero
July 2020
During May 2020, only 96 vehicles were reported for sale in the Panamanian market, 98% less than the same period in 2019.
The General Comptroller of the Republic reported that in the context of restrictions to economic activity by the outbreak of covid-19 sales have fallen considerably, since between May 2019 and the same month of 2020, the number of new units registered in the country decreased from 4,048 to 96.
Luxury Cars: Sales Grow at 8%
January 2020
During the first 11 months of 2019, 2,421 luxury vehicles were sold in Panama, a figure 8% higher than that reported for the same period in 2018.
According to the most recent report from the General Comptroller of the Republic, between January and November 2018 and the same period in 2019, in general the number of units registered in the country fell slightly, from 45,896 to 44,101.
No One Wants New Cars in Panama Anymore?
November 2018
Between January and September 2018, in accordance with the behavior reported since last year, 37,078 new vehicles were registered, 13% less than in the same period in 2017.
According to the most recent figures of the General Comptroller, from January to September 2018, 12,938 new automobile type vehicles were registered, 21% less than the 16,299 units registered in the same period of 2017.
Vehicles in Panama: Sales Fail to Rebound
October 2018
During the first eight months of 2018, 33,343 new vehicles were registered, 13% less than in the same period of 2017, according to the behavior reported since last year.
The latest figures from the General Comptroller's Office show that from January to August 2018, 11,767 new car-type vehicles were registered, 20% less than the 14,643 units registered in the same period in 2017.
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