Sunday 26 September 2021

Panama Car Sales Down 14%

Paying the bills

Latest

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...

Don’t forget the vehicular restrictions

QCOSTARICA - If you are out and about this...

UNA epidemiologist: “We are not better, we are less worse”

QCOSTARICA - The fact that the number of infections...

Today’s Vehicle Restriction September 26: “ODD” ending plates CANNOT circulate

QCOSTARICA - For today, Sunday, September 26, vehicles with...

Canadian airlines will start flying back to Costa Rica on October 2

QCOSTARICA - Four Canadian airlines will resume their flights...

8-year-old boy dies abruptly of covid-19

QCOSTARICA - An eight-year-old boy who had no risk...

Vaccinations face unfounded fears over AstraZeneca dosages

QCOSTARICA - The goal of immunizing 500,000 people over...
Paying the bills

Share

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 new vehicles were registered, almost 50% less than the 6,899 units registered in the same period in 2016.

When looking at the figures accumulated in the first eleven months of the year, it can be seen that the reduction is almost 14% with respect to the same period in 2016, mainly explained by a 22% drop in the entry of new cars, and 24% in the inscription of panel vans. The number of pick up trucks registered also went down in the period in question, by almost 22%.

- Advertisement -

The Contraloria figures reveal for 2017, of the 52,969 new vehicles were registered, 20,213 were ‘regular’ automobiles and 2,241 (71 less than the previous year) classified as ‘luxury’. SUV’S accounted for 18,254 new vehicles registrations (155 more than in 2016).

Panama’s Association of Automobile Dealers (ADAP) said that the fall in sales is due to lower consumption levels caused by the economic slowdown of the country.

See the full statistics by the Controlaria (in Spanish).

Article first appeared at Today Panama, click here to go there

- Advertisement -
Paying the bills
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Costa Rica, Panama and Dominican Republic seek a solution for Haiti

QCOSTARICA - Costa Rica President Carlos Alvarado, Luis Abinader Corona of...

Group charged migrants US$22K to get them to the United States.

QCOSTARICA - A Costa Rican-Panamanian criminal structure charged migrants of 13...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Article first appeared at Today Panama, click here to go there

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.