New car sales booming
Panama’s traffic jammed streets got a tidal wave of new vehicles in the first quarter and by year end the influx is destined for tsunami proportions.
In the first three months of 2012, 23,400 vehicles were sold, the market driven by a greater availability of credit, and more varied supply says the Central American Data web site
This is one of the areas that responds the fastest to the ups and downs of the economy, and the cumulative increase year over year of auto sales is a clear sign of the current expansive force of the Panamanian economy says the report.
“According to the development of automotive sales this year automotive 49,000 new units could be on the road, equivalent to a GDP growth of 6%."
The most sought after models are: Accent GL (1.582) Elantra (1282), Hi Lux (1202), Tucson IX (1073), Rio (862), CRV (801), RAV 4 (762), Picanto Hatchback (656), Sportage (643) and Frontier (610).
