Panama car sales slump after 14 years of a joy ride

More than 13 percent 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 of a negative trend.

The Association of Automobile Distributors had predicted that by the end of 2017, 10 percent fewer vehicles would be sold than in 2016. Figures from the Comptroller General  suggest  the slowdown will be even greater.

Source: Newsroom Panama