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 Car Sector kept roaring momentum in first half 2015 with sales reported up 27 percent compared with the record scored last year. Toyota is market leader ahead Hyundai and Kia.
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.
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.