Panama vehicles sales marked the second consecutive year of decline in 2018 with 52.500 (-6%). Toyota kept the crown, falling in double-digit together with the followers, Hyundai and Kia. Outstanding performance was scored by Nissan, surging to 61.4%.
Panama vehicles sales in the 2017 have lost in double-digit, first time in five years, hit by the increase of local registration duties and by a slower economy. Expectation for the second half are more optimistic as economy is accelerating.
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 Auto Market hit the new All-Time record in 2014 with sales near 60.000 fueled by strong consumer demand. Toyota boomed sales and overtook Hyundai on top of the ranking.