Panama March. Demand for vehicles is down, first time in years


The republic of Panama is Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica. Panama’s dollar-based economy rests primarily on a well-developed services sector that accounts for more than three-quarters of GDP. Services include operating the Panama Canal, logistics, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. Economic growth will be bolstered by the Panama Canal expansion project that began in 2007 and is estimated to be completed by 2015.

Panama 2016. New all time record, the 6th in a row

Panama light vehicles market scored in the 2016 he sixth all time record in a row, keeping the slow and stable trend and pushed up by one of best economy in the region. Toyota still on top but Hyundai is fast improving.

February 26, 2017

Toyota led Panama Vehicle Sales in first half 2004.

Toyota led Panama Vehicle Sales in first half 2004 while the market was again slightly positive following the all-time record volume scored in the previous year. Hyundai and Kia follow with a wide gap.

November 22, 2014

2013 Panama car market hit new all-time record.

2013 Panama car market hit new all-time record posting the fourth all time record in a row as positive economic factors are pushing up private consumers demand. Hyundai was the hero of the year, outpacing Toyota on top of the list.

May 26, 2014