Panama

Panama vehicles sales reported in the 2018 the second consecutive decline with total vehicles sales at 50.766 (including 242 HCVs), down 10.3%. Toyota kept the crown, with market share stable just over the 20% while Nissan boomed taking the third place, between Hyundai - second - and Kia -third -.

Panama vehicles sales in 2019 the market reported a shy recovery. Indeed, sales in 2019 have been 45.530, projecting the full year to 51.679, up 1.8%.

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.

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Panama Auto Sector reported a dramatic growth in 2022. Sales grew at 42.169 sales (+107.7%) with an amazing performance for all traditional OEMs, plus the fast growth of Chinese new challengers.

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.

Panama Automotive Industry rebound in 2021. Total vehicles registered were 20.330 (+103.7%) with all months growing y.-o.-y. and all OEMs participating to the recovery. Suzuki is the new leader.