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Bud

Panama vehicle sales continue climb

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This kinda says to me that the economy is booming and the outlook remains positive. The flip side of this includes the parking problems and traffic congestion, along with negative implications for the environment.

 

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Panama vehicle sales continue climb

Posted on August 19, 2016 in Panama, Panama

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DRIVERS hoping for relief from the daily traffic snarl, won’t be getting help from   the car dealer industry  as retail sales continue to climb.

The latest report from the Comptroller General ahows that of the Republic reveals that during the first half of 2016 vehicle sales grew 7.3% in Panama compared to the same period last year.

Between January and June 33,164 vehicles were sold.

The figures of the report are based on data supplied by the Panama  Association of Automobile Dealers of (ADAP).

The greatest growth in the sector came from  the sale of pickups, which increased 35.3% (5 111 units).Mini-bus sales also recorded an increase of 37.1% (872 units sold).

http://www.newsroompanama.com/business/panama-4/panama-vehicle-sales-continue-climb

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Many car sales here are made to first time buyers, which to me is indicative of an emerging middle class.

Someone asked me the other day where old cars end up. The answer is that unfortunately, most remain in circulation until they grind to a halt before becoming a flower pot in a backyard or part of some mechanic's collection of unfixables.

Stronger standards of Revisado inspections will eventually come into force to weed out the worst of the 'not roadworthy'.

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I read this with interest. As Bud suggests, it probably contributes to the increased traffic and parking problems right here in Boquete (which heretofore have largely been blamed on tourists and newcomers).

Edited by Bonnie
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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)

http://www.centralamericadata.com/en/article/main/Panama_Pickups_and_SUVs_Take_Their_Turn

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Tongue-in-check mode on. I would have thought 75% of the vehicles were registered here in Boquete. Tongue-in-check mode off.

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Panama: Automotive Fleet - November 2016

They are 1.2 million vehicles in circulation in the country, of which 75% were registered in the provinces of Panama and Panama West.

Thursday, November 17, 2016

From a report by the Traffic and Transportation Authority of Panama:

The auto fleet in Panama stands at 1,221,999 registered vehicles, according to the National Single Registry of Motor Vehicles (RUVM) at the Land Transport and Transit Authority (ATTT).

See also: "Age of the Vehicle Fleet in Central America"

The statistics show the number of motor vehicles in circulation up to November 9, 2016.

The report by the RUVM at the ATTT highlights that the vehicle fleet in the province of Panama and Panama West reached 925.143 registered vehicles, which corresponds to 75.7% of the national total, followed by Chiriquí with 119.174 cars registered (9.7%) and Colon with 46.652, which is 3.8%. 

http://www.centralamericadata.com/en/article/main/Panama_Automotive_Fleet__November_2016

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With this news I am sure prices will continue to rise.  I understand there was once a time when you could get a used vehicle for less than it would sell for in the U.S.  May have to start looking for a cheaper country to live in.  LOL

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Marie Elaine,

PM when you find that cheaper country that has all the benefits that Panama offers!

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20 hours ago, MarieElaine said:

With this news I am sure prices will continue to rise.  I understand there was once a time when you could get a used vehicle for less than it would sell for in the U.S.  May have to start looking for a cheaper country to live in.  LOL

This is not true. Used vehicles sell in Panama for quite a bit more than the blue book price. This has been true since I came here in 2003.

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50,000 new vehicles boost gas sales,traffic jams

Posted on November 30, 2016 in Panama

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NEARLY 50.000 new vehicles on Panama roads  helped push push gasoline sales up 8.9 percent in the first nine months of the year with a swing to 95 octane.

Traffic jams also increased, with more ahead as the Christmas rush kicks in.

Figures released by the Comptroller General  show that gasoline sales totaled 231.3 million gallons up 19 million from the same period last year.

95 Octane sales rose 19.4% while 91 octane fell 1.6%.

http://www.newsroompanama.com/news/panama/50000-new-vehicles-boost-gas-salestraffic-jams

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Car sales up, in spite of public transportation spending

Posted on January 8, 2017 in Panama

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BILLIONS of  government dollars spent on improving public  transportation  has not stemmed the continued growth in car sales.

For the first 11 months of 2016,, sales of new vehicles  reached  61,455 units, according to figures compiled by the Office of the Comptroller General.

That means an increase of  1.934 units or 3.2%, compared to the same period of 2015.

The best-selling new vehicles in the country are sedans, coupe and vans.

According to official figures, 25,816 units of this type were sold during the first 11 months of 2016, according for  for 42% of the vehicles sold

SUVs also continue  among the favorites of the Panamanian consumer. From January to November 2016, 18,099 units were sold, representing approximately 30% of all vehicles sold.

Roadworks
According to the Ministry of Finance the government will invest about $3 billion for  the development of Panama’s road network between 2015-2019.

Of this . $1,750 billion will be disbursed for the construction of new highways, the rehabilitation and maintenance of the interurban road network, among other projects.

http://www.newsroompanama.com/news/panama/car-sales-spite-public-transportation-spending

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Panama: New Car Sales Slow Down

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%.

Thursday, February 16, 2017

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.

See also: "Figures on Vehicle Fleet in Panama"

Statistics from the General Comptroller show that in the car segment, the category which fell the most was the luxury car segment, as in 2016 2.553 units were registered, 14% less than the previous year. 

See: "Age of the Vehicle Fleet in Central America"

The speed of growth in imports of new vehicles has been declining since 2012. Between this year and 2013, the growth rate was 11%, between 2013 and 2014 it was 7.4% between 2014 and 2015, it was 7.3%, and now the increase is only 3%.

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

http://www.centralamericadata.com/en/article/main/Panama_New_Car_Sales_Slow_Down

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