Car sales Increase Despite Public Transit Growth
While the government of Panama has spent billions on improving public transportation throughout Panama, the country continues to see growth in car sales.
In the first 11 months of 2016, 61,455 new vehicles were sold according to the Office of the Comptroller General. That is an increase of 3.2%, compared to the same period in 2015.
The best-selling new vehicles in the country are sedans, coupe and vans. SUVs also continue to be a top seller.
However it is not only the subway and bus routes the government is investing in. According to the Ministry of Finance the government will invest about $3 billion on improving Panama’s road network between 2015-2019. This construction will include new highways and maintenance of roads, among other projects.