Jump to content
Sign in to follow this  
Bud

Trends in New Vehicle Sales Volume

Recommended Posts

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.

 

Quote

Panama vehicle sales continue climb

Posted on August 19, 2016 in Panama, Panama

cars-620x264.jpg
Post Views: 106

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

Share this post


Link to post
Share on other sites

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'.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites
Quote

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

Share this post


Link to post
Share on other sites

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

Quote

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

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

Marie Elaine,

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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
Quote

50,000 new vehicles boost gas sales,traffic jams

Posted on November 30, 2016 in Panama

traffic-620x264.jpg
Post Views: 206

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

Share this post


Link to post
Share on other sites
Quote

Car sales up, in spite of public transportation spending

Posted on January 8, 2017 in Panama

cars-620x264.jpg
Post Views: 135

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

Share this post


Link to post
Share on other sites
Quote

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

Share this post


Link to post
Share on other sites
Quote

New vehicle sales plummet 13.1%

traffic-jams-620x264.jpg 
The joys of city driving

PANAMA’S   new car honeymoon has cooled and in the first quarter of the year sales dropped 13.1% compared to the same period last year. Good news for the already overcrowded roads. But bad for car salesmen as between January and April this year 18,886, vehicles were sold (similar to the sales of 2014, when 18,843 vehicles were placed on the market) according to the Comptroller General’s office

Good news for the already overcrowded roads. But bad for car salesmen as between January and April this year 18,886, vehicles were sold (similar to the sales of 2014, when 18,843 vehicles were placed on the market) according to the Comptroller General’s office,

Almost all lines of vehicle sales plummeted this year. Automobiles down  19.4%, luxury  cars  8%, minivans, 21.8%, panels, 28.6%, pickups, 18.8%, buses, 22.8%, trucks, 10%.

The only increase in sales was registered in the vans sector with 0.3% growth.

In 2016 record sales totaled 66,700 , 3% more than in 2015.

2016 saw record sales of cars  with 66,700 placed on the market, up 3% from the previous year,

 

http://www.newsroompanama.com/news/panama/new-vehicle-sales-plummet-13-1

Share this post


Link to post
Share on other sites
Quote

Panama new car sales down 11%

cars-620x264.jpg

NEW CAR sales in Panama fell 11% in the first five months of 2017, compared to the same period in 2016, according to a recent report from the Office of the Comptroller General. of the Republic.

from January to May, new car sales decreased by 2,904 units to a total of 24,553, against the 27,553 cars during the same period of 2016. equivalent to a fall of 11%.

In the period under review, most car brands had a reduction in their sales,

Sedan, coupe and truck type cars fell 1,989 units, equivalent to a decrease of 17%.

In these five months, sales of pickups cars decreased by 639 units (-16%), bus and bus sales by 218 units (29%) and sales of panel-type vehicles by 151 units (-25% %).

Sales of luxury cars fell by 7%, minivans (-14%) and trucks, both small and large (-4%).

Several factors could have been affecting the fall in sales of new cars.

The first explanation could be associated with the the purchasing power of some Panamanians says La Estrella

The second reason may be linked to the new regulations and requirements that are imposed on Panamanian banks by the international organizations that are dedicated to the fight against money laundering and tax evasion by the citizens of their countries, as in the case of the  (OECD) and the International Financial Action Task Force (FATF).

In 2016 a total of 66,700 new vehicles were sold, helping create ever growing traffic congestion.

 

http://www.newsroompanama.com/news/panama/%EF%BB%BFpanama-new-car-sales-11

Share this post


Link to post
Share on other sites
Quote

Car Sales Continue to Fall in Panama

In the first half of the year, 29,287 new vehicles were registered, almost 12% less than in the same period in 2016, reinforcing the downward trend that has been seen since the beginning of the year.

Wednesday, August 9, 2017

The most recent figures from the office of the Comptroller General show that in June there were 4,734 new vehicles, 17% less than in the same month in 2016.

Looking at the data for the whole first semester, a drop can be seen of almost 12% in the number of new vehicles, compared to the same period in 2016.

The 29,287 new vehicles which came in between January and June are distributed as follows: 11,368 are automobiles (-18% compared to the same period in 2016), 1,179 are luxury cars (-5%), 9,766 are SUVs (-2%), 517 are minivans (-12%), 541 are vans  (-23%), 4,151 are pickup trucks (-18%), 627 are buses (-28%), 972 are trucks (-7%) and 166 (-25%) are registered under the category 'Others'.

See report from the Office of the Comptroller General of the Republic. (In Spanish)

 

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

Share this post


Link to post
Share on other sites
Quote

Panama: Car Sales Drop 13% up to July 2017

Between January and July of this year, 33,781 new vehicles were registered, 13% less than in the same period of 2016, reaffirming the downward trend that has been seen since the beginning of the year.

Tuesday, September 5, 2017

Figures from the Comptroller General's Office indicate that in July 4,494 new vehicles were registered, distributed as follows: 1,680 automobiles (-19% compared to the same period in 2016), 179 luxury vehicles (-5%), 1,528 SUVs (-6%), 60 minivans (-12%), 87 vans (-22%), 910 pickup trucks (-16%), 89 buses (-28%), 178 trucks (-13%) and 34 (5%) vehicles registered under the category 'Others'.

See also "Auto Parts in Central America: A $1 Billion Market"

July's figures reinforce the downward trend in new vehicle sales seen since the start of the year, after having registered increases of 7% between 2015 and 2016 and almost 10% between 2014 and 2015.

See statistics compiled by the Comptroller General. (In Spanish)

 

http://www.centralamericadata.com/en/article/main/Panama_Car_Sales_Drop_13_up_to_July_2017

Share this post


Link to post
Share on other sites
Quote

Panama: Car Sales Continue to Fall

Between January and August of this year, 38,213 new vehicles were registered, 15% less than in the same period in 2016.

Tuesday, October 3, 2017

Figures from the Comptroller General of the Republic indicate that in August, 4,432 vehicles were registered, of which 1,595 corresponded to the automobile category, 189 to luxury cars, 1,650 to SUVs, 93 to minivans, 101 to panel vans, 596 to pickup trucks, 89 to buses, 98 to trucks and 23 were in the category 'others'.

See also "Auto Parts in Central America: A $1 Billion Market"

The August data reinforces the downward trend of new vehicle sales seen since the beginning of the year, after having registered increases of 7% between 2015 and 2016 and almost 10% between 2014 and 2015.

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

 

https://www.centralamericadata.com/en/article/main/Panama_Car_Sales_Continue_to_Fall

Share this post


Link to post
Share on other sites
Quote

14-year car sales joy ride ending

cars-1.jpg

OVER 13% fewer new cars appeared on Panama’s highways in the first eight months of the year as sales plunged, the first time in 14 years that thee has been a negative trend.

The Panama Association of Automobile Distributors (ADAP) had predicted that by the end of 2017, 10% fewer vehicles would be sold than in 2016. Figures from

Figures from the Comptroller General  suggest  the slowdown will be even greater.

To the end of August,  38,221 vehicles were sold, reflecting a contraction of 13.1% compared to the same period in 2016 The inter-annual deceleration in the January-July period had been 12.8%

Analysts have say that the fall in sales is due to the fact that consumption levels have decreased in different sectors,due to the country’s economic slowdown.

The performance of the January-August period in 2016 compared to 2015 had marked a improvement of 7.5%, a figure similar to the previous comparison with 2014.

The biggest contraction was in the sale of sedans, which make up almost a third of the transactions, showed a fall of 19.9%, or 3,161 fewer vehicles.

Suburban cars, which account for another third of sales, are the only ones have maintained a positive pace so far this year. Its sales increased from 12 ,778 to 12 944

 

http://www.newsroompanama.com/business/panama-4/14-year-car-sales-joy-ride-ends

Share this post


Link to post
Share on other sites
Quote

Panama car sales continue downward plunge

cars-620x264.jpg

VEHICLE sales in Panama continue to plummet, down  13.3 % in the first nine months of the year according to  the latest figures from the Comptroller General  with little sign that the picture  will change by year end in spite of   a rash of special “deals”

Until September, 42,514  that’s down from  49,059 in the same period last year and 46,041 in 2015

One of the reasons to for the reduction is said to be the overall slowdown in Panama’s economic growth after a boom period when the country’s  figures were a beacon in a world struggling to cope with expansion rates of one or two percent.

The slowing growth and rising prices  has  affected the housing market, the influx of new residents and the car  market

At the same time the useful life of vehicles has been The combined effect is reflected in plunging sales figures:

buses (-27%), trucks (-24%) and panels (-21.2%). Regular cars, including sedans, coupes and vans, (- 20%)

Currently, companies are competing for customers with pricing offers and discounts or benefits in the maintenance segment, reports La Prensa

 

http://www.newsroompanama.com/news/panama/panama-car-sales-continue-downward-plunge

Share this post


Link to post
Share on other sites
Quote

Panama: Car Sales Keep Falling

In September, registrations of new vehicles showed a 13% decrease compared to the same month in 2016, mainly explained by a 20% drop in the sale of automobiles.

Friday, November 3, 2017

Figures from the Comptroller General of the Republic show that between January and September, 4,301 new vehicles were registered, 13% less than the 5,083 units registered in the same period in 2016.

See also "Auto Parts in Central America: A $1 Billion Market"

The largest year-on-year reduction was reported by automobiles, panel vans, pick up trucks and buses, which in the period in question registered falls of 20%, 21%, 20% and 27%, respectively.

September data reinforces the downward trend seen in the sales of new vehicles since the beginning of the year, after having registered increases of 7% between 2015 and 2016 and almost 10% between 2014 and 2015.

See statistics by the Contraloria.

 

https://www.centralamericadata.com/en/article/main/Panama_Car_Sales_Keep_Falling

Share this post


Link to post
Share on other sites

Well the buying power of the middle class is rising and so does the vehicles on the road. I see heavy traffic and I do not know why the trend of the sales is decreasing. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×