Home Tags Car sales

Tag: car sales

Panama Car Sales Down 14%

At the end of November 2017, the downward trend continued, adding up to almost 53 thousand new vehicles registered since January, 13.8% less than in the same period in 2016. Figures from the Comptroller General of the Republic (CGR) show that in November 2017 3,556...

Panama: Car Sales Slump After 14 Year Joy Ride

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...

Higher Dollar and Interest Rates Slowed Consumer Spending

The constant instability of the dollar exchange rate and the increase in interest rates, especially in colones, have slowed the growth of consumer spending so far this year. The El Financiero reports, "up to the first quarter of 2016, household spending grew steadily, reaching an...