Vehicles: Sales Start to Rise in 2020
Wednesday, March 4, 2020
During the first month of the year, 3,487 luxury vehicles were sold in Panama, a figure 5% higher than that reported for the same period in 2019.
According to the most recent report of the General Comptroller of the Republic, between January 2019 and the same period in 2020, in general the number of units registered in the country increased from 3,324 to 3,487.

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During the first month of the year, sales of regular cars reported a rise over the same period in 2018, from 1,310 to 1,348 units, in the case of Pick Ups sales recorded a 14% variation, increasing from 398 to 454 units.

Also see "Cars and Motorcycles: Market share in the region"

On the other hand, luxury cars also registered a rise for the months in question, from 169 to 184 units, which represents a 9% increase. In the case of SUVs, units sold rose from 1,233 to 2,258.

See Comptroller's Office statistics (in Spanish).

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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.
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Panama
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