The automotive market in Panama is undergoing an exciting transformation. With projections to exceed 60,000 units sold by the end of 2025, according to ADAP figures, Panamanians are increasingly looking for vehicles that combine technology, factory support, and accessible financing options.
If you’re considering upgrading your garage, here are the top 5 car dealerships in Panama, ranked by their market volume, service quality, and reputation.
1. Distribuidora David S.A.:
1. Distribuidora David S.A.:American Tradition and Power Topping our list is Distribuidora David S.A., a company with decades of experience that has established itself as the number one choice for those seeking robustness and elegance.
As an authorized Ford dealer and a leader in the sale of innovative Asian brands, such as JAC Motors, Distribuidora David offers a wide range of vehicles, including the legendary Ranger and F-150 pickups, as well as modern and efficient SUVs. Their commitment to after-sales service and their extensive network of workshops position them as the most reliable option nationwide.
2. Ricardo Pérez, S.A.
2. Ricardo Pérez, S.A.It’s impossible to talk about cars in Panama without mentioning Ricardo Pérez, the exclusive Toyota dealer. Their long-standing leadership remains strong thanks to the durability of iconic models like the Hilux and the Corolla. They are the preferred choice for those who prioritize resale value.
3. Petroautos
3. PetroautosRepresenting the Korean giant Hyundai, Petroautos has successfully conquered the urban market. With models like the Accent and the Creta, they remain top sellers thanks to their focus on accessible technology and designs that resonate with young professionals.
4. Grupo Sílaba
4. Grupo SílabaThis group stands out for its versatility, managing multiple major brands, including Kia, Chevrolet, and Mazda. The popularity of models like the Kia Soluto and Kia Rio ensures a steady stream of customers seeking fuel efficiency and low maintenance costs. Excel Automotriz With a diversified portfolio that includes brands like Nissan and Mitsubishi.
5. Excel Automotriz
5. Excel Automotrizrounds out this ranking. Its strong presence in the work truck segment (such as the Frontier and L200) makes it a strategic partner for both personal and commercial use.
