New Car Sales Up 6% in Panama
In the first three months of 2012, 23,400 new cars were sold, driven by a greater availability of credit, and more varied supply.
Thursday, July 12, 2012
This is one of the areas that responds the quickest to the ups and downs of the economy, and the cumulative increase year over year of auto sales is a clear sign of the current expansive force of the Panamanian economy.
In the first 5 months of the year, importers sold 2,960 new trucks, an increase of 63% compared to the same period in 2011.
The union of distributors plans to close 2016 with an annual increase of between 3% and 5% in sales of new vehicles.
Sales of new cars at the end of 2012 in Nicaragua will total over 12,000 units.
New car sales grew by just 5.6% in the first half of the year, well below the 14.8% increase achieved in the same period in 2013.
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