Panama Autos Market Report 2010-2025
Panama Automotive Market Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.
Martinique 2021. Vehicle Market Rises 18.8%, While Peugeot Conquers The Market Throne
Martinique's auto market in 2021 rises by 18.8% with 15,709 sales, reporting positive performance in Q1 and Q3. Peugeot overtakes the leader Renault, and rises 28.7%.
Nicaragua 2018. Toyota held 24% of a stable market
Nicaragua vehicles market in 2018 was flat. Indeed, the year ended with sales at 11.588. Toyota held the market throne with 24% of market share - losing over 7 points of share since 2015 - followed by Nissan with 14.9% and Hyundai with 9.8%.
Belize 2017. Sales at record, 250% up in the last 5 years
Belize vehicles market in the 2017 hit the new all time record volume, 250% up from the level of 2012. The improved economic conditions are finally unleashing consumers to buy new cars rather than the usual pre-owned imported.
Panama 2017. Sales down hit by increased local duties
Panama vehicles sales in the 2017 have lost in double-digit, first time in five years, hit by the increase of local registration duties and by a slower economy. Expectation for the second half are more optimistic as economy is accelerating.
Guatemala 2020. Toyota dominates in market down only 3.5%
Guatemalan vehicles market decreases only marginally despite COVID-19 pandemic. Indeed, Full Year 2020 sales have been 23.856, down 3.5% compared to 2019. Toyota holds more than 25% market share and keeps growing.
Honduras 2019. Auto market slipped down again
Panama 2014. Auto Market hit the new all-time record
Panama Auto Market hit the new All-Time record in 2014 with sales near 60.000 fueled by strong consumer demand. Toyota boomed sales and overtook Hyundai on top of the ranking.
Cuba 2020. Market halved (-48.3%), while Peugeot remains in leadership
Cuban vehicles market falls due to the global pandemic affecting sales. Indeed, Full Year 2020 sales have been 1.560, down 48.3% compared to 2019. The market registers the second year in a row of severe double-digit drops in sales.
Honduras 2020. Nissan holds over 22% market share in market down 14.7%
Honduras vehicles market falls due to the global pandemic affecting sales. Indeed, Full Year 2020 sales have been 9.778, down 14.7% compared to 2019. Nissan remains the leader with 22.7% market share, followed by Toyota (18.6% share).
