Panama: Pickups and SUV´s Take Their Turn

In the first half of the year registration of vehicles grew by 7%, driven by registrations of SUV vehicles, which grew by 18% and by pickup trucks, which grew by 35%.

Monday, August 22, 2016

Data from the Comptroller General of the Republic showed that in the first half of the year 33,164 vehicles were registered, of which 13,877 were regular cars, 1,424 were luxury cars, 9,568 SUVs and 5,111 pick ups, In addition about 2700 buses, trucks and other vehicles were registered.

You may want to read: "Age of the Vehicle Fleet in Central America"

The growth in the number of vehicles registered between January and June compared to the same period in 2015 is 7%, slightly lower than the growth rates recorded in previous years.

Standing out the most in these figures is the 35% increase in the registration of pick up vehicles, which amounted to 5,111. Following these were SUV's, with 9,568 registrations, achieving growth of 18% compared to the first half of 2015.

See figures from the Office of the Comptroller General. (In Spanish)

More on this topic

Panama: Auto Sales Still Decelerating

May 2017

In the first quarter, 14,230 new vehicles were registered, 11% less than the 16 thousand registered in the same period last year.

Figures compiled by the Office of the Comptroller General of the Republic indicate that in March there were 5,462 new vehicles, distributed as follows: 2,075 are automobiles, 219 are luxury cars, 1,853 are SUVs, 83 are minivans, 103 are vans, 777 are pick up trucks, 142 are buses, 181 are trucks and 29 are registered under the category 'Others'.

Panama: New Car Sales Slow Down

February 2017

Over the past year 66,700 new vehicles were registered, only 3% more than in 2015, while between 2014 and 2015, the increase was 7%.

Of the 66,700 new vehicles registered in 2016 in Panama, 28,000 were for regular cars, 20,000 were SUVs and 2,500 were luxury cars. In the case of pickup vehicles, almost 10 thousand units were registered, 19% more than in 2015.

Panama: More Pickup Trucks and Fewer Cars

January 2017

Between January and November 2016 imports of standard and luxury cars fell by 5% and 15% compared to the same period in 2015, respectively, while pickups grew by 20%.

Data from the General Comptroller of the Republic shows that total imports of new vehicles grew by 3.2% in the first eleven months of the year compared to the same period in 2015. 

Less Acceleration of Car Sales in Panama

August 2014

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.

Figures from the National Statistics Institute reported that between January and July 2014 28.381 new cars were sold, which is 1,511 more than in the same period in 2013.

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