Panama April 2026: Kaiyi, Changan, Dongfeng most impressive
The Kaiyi KY7 is up to #7 in Panama in April.
5,312 new light vehicles hit Panama’s roads in April, a +4.1% year-on-year improvement. The year-to-date tally after four months is up 14% to 21,717. Toyota (-13.3%) remains by far the best-selling carmaker in the country despite a hefty year-on-year loss leading it to 14.7% share vs. 18.4% so far this year. Hyundai (+3.3%) almost matches the market above Kia (-0.2%) and Suzuki (-3.8%) both down. Geely (+0.8%) is stable and rounds out the Top 5. Spectacular gainers include Kaiyi (+111.3%), Changan (+56.8%), Dongfeng (+56.4%) and Ford (+47.4%).
Model-wise, the Hyundai Grand i10 (+19.8%) threepeats at #1 but it’s not enough to topples the Toyota Hilux (-33.2%), down to #5 this month, in the YTD oder. The Kia Soluto (+25.7%) also shines at #2 while the Mitsubishi L200 soars six spots on March to #4. The Kaiyi KY7 lodges its first Top 10 finish since last October at #7.
Previous month: Panama March 2026: Market surges 42.5%, Jetour, Changan, Isuzu shine
Previous year: Panama Full Year 2025: Toyota Hilux signs 5th straight win
Full April 2026 Top 67 All brands and Top 10 models below.
Panama April 2026 – brands:
| Pos | Brand | Apr-26 | % | /25 | Mar | 2026 | % | /25 | Pos | FY25 |
| 1 | Toyota | 780 | 14.7% | – 13.3% | 1 | 3,993 | 18.4% | – 2.3% | 1 | 1 |
| 2 | Hyundai | 590 | 11.1% | + 3.3% | 2 | 2,691 | 12.4% | + 16.1% | 2 | 3 |
| 3 | Kia | 584 | 11.0% | – 0.2% | 3 | 2,604 | 12.0% | + 1.5% | 3 | 2 |
| 4 | Suzuki | 278 | 5.2% | – 3.8% | 4 | 1,078 | 5.0% | + 11.8% | 4 | 5 |
| 5 | Geely | 263 | 5.0% | + 0.8% | 6 | 1,067 | 4.9% | + 10.1% | 5 | 4 |
| 6 | Changan | 243 | 4.6% | + 56.8% | 8 | 780 | 3.6% | + 42.9% | 7 | 9 |
| 7 | Mitsubishi | 228 | 4.3% | + 5.1% | 7 | 759 | 3.5% | + 19.9% | 8 | 6 |
| 8 | Jetour | 192 | 3.6% | + 12.3% | 5 | 939 | 4.3% | + 51.7% | 6 | 8 |
| 9 | Nissan | 179 | 3.4% | – 17.1% | 10 | 566 | 2.6% | – 18.3% | 10 | 7 |
| 10 | Kaiyi | 169 | 3.2% | + 111.3% | 13 | 505 | 2.3% | + 134.9% | 11 | 16 |
| 11 | Ford | 168 | 3.2% | + 47.4% | 14 | 479 | 2.2% | + 5.7% | 12 | 11 |
| 12 | Isuzu | 145 | 2.7% | – 4.6% | 9 | 591 | 2.7% | + 31.0% | 9 | 10 |
| 13 | Dongfeng | 122 | 2.3% | + 56.4% | 16 | 462 | 2.1% | + 109.0% | 14 | 18 |
| 14 | Mazda | 115 | 2.2% | – 17.9% | 11 | 465 | 2.1% | + 6.9% | 13 | 12 |
| 15 | Forthing | 99 | 1.9% | – 25.0% | 17 | 329 | 1.5% | – 20.3% | 17 | 13 |
| 16 | GAC Motors | 98 | 1.8% | – 20.3% | 12 | 417 | 1.9% | + 19.8% | 15 | 14 |
| 17 | Chevrolet | 84 | 1.6% | – 7.7% | 22 | 261 | 1.2% | + 26.7% | 20 | 19 |
| 18 | Honda | 79 | 1.5% | – 26.2% | 18 | 306 | 1.4% | – 21.5% | 18 | 15 |
| 19 | Chery | 77 | 1.4% | – 14.4% | 15 | 412 | 1.9% | + 39.7% | 16 | 17 |
| 20 | BYD | 68 | 1.3% | + 142.9% | 25 | 190 | 0.9% | + 38.7% | 24 | 22 |
| 21 | Jaecoo | 67 | 1.3% | + 2133.3% | 21 | 278 | 1.3% | + 612.8% | 19 | 24 |
| 22 | BMW | 55 | 1.0% | + 57.1% | 20 | 205 | 0.9% | + 45.4% | 23 | 20 |
| 23 | Lexus | 51 | 1.0% | + 50.0% | 24 | 207 | 1.0% | + 55.6% | 22 | 21 |
| 24 | Soueast | 45 | 0.8% | new | 19 | 241 | 1.1% | new | 21 | 29 |
| 25 | GWM | 41 | 0.8% | + 13.9% | 26 | 176 | 0.8% | + 40.8% | 25 | 23 |
| 26 | Mercedes | 31 | 0.6% | + 14.8% | 33 | 80 | 0.4% | – 12.1% | 30 | 31 |
| 27 | Audi | 30 | 0.6% | + 57.9% | 27 | 123 | 0.6% | + 51.9% | 27 | 32 |
| 28 | JAC | 30 | 0.6% | + 30.4% | 23 | 130 | 0.6% | + 136.4% | 26 | 34 |
| 29 | MG | 28 | 0.5% | + 16.7% | 34 | 82 | 0.4% | + 39.0% | 29 | 25 |
| 30 | Karry | 27 | 0.5% | + 107.7% | 29 | 63 | 0.3% | + 65.8% | 36 | 42 |
| 31 | Maxus | 27 | 0.5% | + 125.0% | 32 | 62 | 0.3% | + 19.2% | 37 | 35 |
| 32 | Foton | 25 | 0.5% | – 10.7% | 28 | 105 | 0.5% | + 72.1% | 28 | 33 |
| 33 | JMC | 22 | 0.4% | + 4.8% | 35 | 67 | 0.3% | + 9.8% | 33 | 26 |
| 34 | 212 | 20 | 0.4% | new | 45 | 37 | 0.2% | new | 42 | 50 |
| 35 | Volkswagen | 20 | 0.4% | – 20.0% | 30 | 76 | 0.3% | – 37.2% | 31 | 28 |
| 36 | Lynk & Co | 17 | 0.3% | + 240.0% | 36 | 73 | 0.3% | + 563.6% | 32 | 44 |
| 37 | Ram | 16 | 0.3% | – 5.9% | 38 | 50 | 0.2% | – 3.8% | 38 | 36 |
| 38 | Renault | 16 | 0.3% | + 700.0% | 42 | 40 | 0.2% | + 1900.0% | 41 | 61 |
| 39 | Subaru | 15 | 0.3% | – 57.1% | 31 | 67 | 0.3% | – 40.7% | 34 | 27 |
| 40 | Land Rover | 14 | 0.3% | + 16.7% | 43 | 42 | 0.2% | – 19.2% | 40 | 37 |
| 41 | Omoda | 11 | 0.2% | – 45.0% | 37 | 64 | 0.3% | – 31.2% | 35 | 30 |
| 42 | Porsche | 9 | 0.2% | – 25.0% | 39 | 46 | 0.2% | – 19.3% | 39 | 39 |
| 43 | Mini | 8 | 0.2% | + 14.3% | 40 | 31 | 0.1% | + 10.7% | 43 | 45 |
| 44 | Acura | 7 | 0.1% | – 56.3% | 48 | 26 | 0.1% | – 48.0% | 45 | 40 |
| 45 | Jeep | 6 | 0.1% | – 45.5% | 41 | 27 | 0.1% | – 18.2% | 44 | 43 |
| 46 | ZX Auto | 5 | 0.1% | + 0.0% | 53 | 12 | 0.1% | + 71.4% | 53 | 54 |
| 47 | BAIC | 4 | 0.1% | n/a | 46 | 17 | 0.1% | n/a | 48 | 69 |
| 48 | Bestune | 4 | 0.1% | – 77.8% | 50 | 20 | 0.1% | – 66.1% | 46 | 41 |
| 49 | Farizon | 4 | 0.1% | n/a | 54 | 13 | 0.1% | + 550.0% | 50 | 65 |
| 50 | JIM | 4 | 0.1% | new | 57 | 11 | 0.1% | new | 54 | 66 |
| 51 | AITO | 3 | 0.1% | new | 49 | 9 | 0.0% | new | 57 | 73 |
| 52 | Fiat | 3 | 0.1% | – 25.0% | 55 | 13 | 0.1% | – 43.5% | 51 | 47 |
| 53 | Infiniti | 3 | 0.1% | + 200.0% | 56 | 12 | 0.1% | – 45.5% | 52 | 48 |
| 54 | Rox | 3 | 0.1% | new | 52 | 9 | 0.0% | new | 58 | – |
| 55 | Tesla | 3 | 0.1% | – 70.0% | 64 | 4 | 0.0% | – 71.4% | 63 | 53 |
| 56 | Zeekr | 3 | 0.1% | new | 67 | 4 | 0.0% | new | 65 | – |
| 57 | Lincoln | 2 | 0.0% | + 0.0% | – | 6 | 0.0% | – 53.8% | 61 | 51 |
| 58 | Shineray | 2 | 0.0% | – 60.0% | 44 | 15 | 0.1% | + 114.3% | 49 | 57 |
| 59 | Venucia | 2 | 0.0% | + 0.0% | – | 3 | 0.0% | – 25.0% | 67 | 59 |
| 60 | Volvo | 2 | 0.0% | – 90.9% | 47 | 19 | 0.1% | – 73.2% | 47 | 38 |
| 61 | Xpeng | 2 | 0.0% | n/a | 66 | 4 | 0.0% | + 33.3% | 64 | 64 |
| 62 | Ferrari | 1 | 0.0% | n/a | – | 1 | 0.0% | + 0.0% | 75 | – |
| 63 | GMC | 1 | 0.0% | – 50.0% | – | 1 | 0.0% | – 75.0% | 76 | 60 |
| 64 | IM | 1 | 0.0% | + 0.0% | – | 2 | 0.0% | – 50.0% | 71 | 62 |
| 65 | Lotus | 1 | 0.0% | + 0.0% | – | 3 | 0.0% | – 25.0% | 66 | 67 |
| 66 | VGV | 1 | 0.0% | – 50.0% | – | 3 | 0.0% | – 25.0% | 68 | 58 |
| 67 | Xiaomi | 1 | 0.0% | new | 51 | 10 | 0.0% | new | 56 | 72 |
Panama April 2026 – models:
| Pos | Model | Apr-26 | % | /25 | Mar | 2026 | % | /25 | Pos | FY25 |
| 1 | Hyundai Grand i10 | 290 | 5.5% | + 19.8% | 1 | 1,157 | 5.3% | + 32.5% | 2 | 2 |
| 2 | Kia Soluto | 225 | 4.2% | + 25.7% | 2 | 1,035 | 4.8% | + 26.8% | 3 | 3 |
| 3 | Toyota Yaris Cross | 188 | 3.5% | – 19.7% | 4 | 862 | 4.0% | – 0.8% | 4 | 4 |
| 4 | Mitsubishi L200 | 171 | 3.2% | n/a | 10 | n/a | n/a | n/a | n/a | 13 |
| 5 | Toyota Hilux | 169 | 3.2% | – 33.2% | 3 | 1,253 | 5.8% | + 14.8% | 1 | 1 |
| 6 | Isuzu D-Max | 100 | 1.9% | n/a | 6 | n/a | n/a | n/a | n/a | 10 |
| 7 | Kaiyi KY7 | 99 | 1.9% | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| 8 | Kia Picanto | 98 | 1.8% | – 3.9% | 8 | n/a | n/a | n/a | n/a | 5 |
| 9 | Mazda CX-5 | 89 | 1.7% | – 2.2% | n/a | n/a | n/a | n/a | n/a | 16 |
| 10 | Hyundai Creta | 82 | 1.5% | n/a | 5 | 482 | 2.2% | n/a | n/a | 6 |
Source: ADAP
