Panama May 2026: Changan reaches record 4th place in solid market
Changan holds 4.9% of the Panamanian market in May.
4,972 new light vehicles found a buyer in Panama in May, a solid 7.4% year-on-year improvement. The year-to-date tally is up an even better +12.7% to 26,689. Toyota (-10.5%) stays ahead in the brands charts despite a painful YoY drop. Kia (+41.7%) overtakes sister brand Hyundai (-1.3%) for 2nd place while Changan (+125.7%) surges to #4, the brands’s first incursion inside the Panamanian Top 5. Suzuki (+13.5%) and Geely (-3.8%) follow. Below, Jaecoo (+288.9%), Soueast (+214.3%), Volkswagen (+171.4%), Dongfeng (+61.8%) and Jetour (+25.4%) stand out.
Model-wise, the Hyundai Grand i10 (+43.9%) scores a 4th straight win, but once again this is not enough to dislodge the Toyota Hilux (-15.5%) from the YTD top spot as the latter had scored a phenomenal January result (12.4% share). The Kia Soluto (+113.3%) more than doubles its year-ago volume to stay at #2, with the Toyota Yaris Cross (+28.6%) and Isuzu D-Max (+29%) rounding out the Top 5. Illustrating its record performance, Changan places the CS35 Plus at #6 and the Alsvin V3 at #10.
Previous month: Panama April 2026: Kaiyi, Changan, Dongfeng most impressive
Previous year: Panama Full Year 2025: Toyota Hilux signs 5th straight win
Full May 2026 Top 64 All brands and Top 10 models below.
Panama May 2026 – brands:
| Pos | Brand | May-26 | % | /25 | Apr | 2026 | % | /25 | Pos | FY25 |
| 1 | Toyota | 840 | 16.9% | – 10.5% | 1 | 4,833 | 18.1% | – 3.9% | 1 | 1 |
| 2 | Kia | 615 | 12.4% | + 41.7% | 3 | 3,219 | 12.1% | + 7.3% | 3 | 2 |
| 3 | Hyundai | 591 | 11.9% | – 1.3% | 2 | 3,282 | 12.3% | + 12.6% | 2 | 3 |
| 4 | Changan | 246 | 4.9% | + 125.7% | 6 | 1,026 | 3.8% | + 56.6% | 7 | 9 |
| 5 | Suzuki | 244 | 4.9% | + 13.5% | 4 | 1,322 | 5.0% | + 12.1% | 4 | 5 |
| 6 | Geely | 230 | 4.6% | – 3.8% | 5 | 1,297 | 4.9% | + 7.4% | 5 | 4 |
| 7 | Jetour | 212 | 4.3% | + 25.4% | 8 | 1,151 | 4.3% | + 46.1% | 6 | 8 |
| 8 | Isuzu | 200 | 4.0% | + 14.3% | 12 | 791 | 3.0% | + 26.4% | 9 | 10 |
| 9 | Mitsubishi | 187 | 3.8% | + 0.0% | 7 | 946 | 3.5% | + 15.4% | 8 | 6 |
| 10 | Nissan | 139 | 2.8% | – 14.7% | 9 | 705 | 2.6% | – 17.6% | 10 | 7 |
| 11 | Mazda | 99 | 2.0% | – 2.9% | 14 | 564 | 2.1% | + 5.0% | 13 | 12 |
| 12 | Forthing | 97 | 2.0% | – 18.5% | 15 | 426 | 1.6% | – 19.9% | 17 | 13 |
| 13 | Ford | 95 | 1.9% | – 15.2% | 11 | 574 | 2.2% | + 1.6% | 11 | 11 |
| 14 | Dongfeng | 89 | 1.8% | + 61.8% | 13 | 551 | 2.1% | + 99.6% | 14 | 18 |
| 15 | GAC Motors | 85 | 1.7% | + 9.0% | 16 | 502 | 1.9% | + 17.8% | 15 | 14 |
| 16 | Honda | 74 | 1.5% | + 4.2% | 18 | 380 | 1.4% | – 17.6% | 18 | 15 |
| 17 | Chevrolet | 71 | 1.4% | – 6.6% | 17 | 332 | 1.2% | + 17.7% | 19 | 19 |
| 18 | Kaiyi | 66 | 1.3% | – 22.4% | 10 | 571 | 2.1% | + 90.3% | 12 | 16 |
| 19 | Chery | 57 | 1.1% | + 0.0% | 19 | 469 | 1.8% | + 33.2% | 16 | 17 |
| 20 | Lexus | 47 | 0.9% | + 11.9% | 23 | 254 | 1.0% | + 45.1% | 22 | 21 |
| 21 | Soueast | 44 | 0.9% | + 214.3% | 24 | 285 | 1.1% | + 1935.7% | 21 | 29 |
| 22 | GWM | 40 | 0.8% | + 2.6% | 25 | 216 | 0.8% | + 31.7% | 25 | 23 |
| 23 | Volkswagen | 38 | 0.8% | + 171.4% | 35 | 114 | 0.4% | – 15.6% | 29 | 28 |
| 24 | Jaecoo | 35 | 0.7% | + 288.9% | 21 | 313 | 1.2% | + 552.1% | 20 | 24 |
| 25 | BYD | 34 | 0.7% | + 3.0% | 20 | 224 | 0.8% | + 31.8% | 24 | 22 |
| 26 | Foton | 33 | 0.7% | + 73.7% | 32 | 138 | 0.5% | + 72.5% | 28 | 33 |
| 27 | Karry | 32 | 0.6% | + 190.9% | 30 | 95 | 0.4% | + 93.9% | 32 | 42 |
| 28 | Audi | 31 | 0.6% | + 63.2% | 27 | 154 | 0.6% | + 54.0% | 27 | 32 |
| 29 | MG | 28 | 0.6% | – 9.7% | 29 | 110 | 0.4% | + 22.2% | 30 | 25 |
| 30 | BMW | 27 | 0.5% | – 27.0% | 22 | 232 | 0.9% | + 30.3% | 23 | 20 |
| 31 | JAC | 25 | 0.5% | – 3.8% | 28 | 155 | 0.6% | + 91.4% | 26 | 34 |
| 32 | JMC | 24 | 0.5% | – 54.7% | 33 | 91 | 0.3% | – 20.2% | 33 | 26 |
| 33 | Subaru | 19 | 0.4% | – 13.6% | 39 | 86 | 0.3% | – 36.3% | 35 | 27 |
| 34 | Lynk & Co | 18 | 0.4% | + 500.0% | 36 | 91 | 0.3% | + 550.0% | 34 | 44 |
| 35 | Mercedes | 17 | 0.3% | – 19.0% | 26 | 97 | 0.4% | – 13.4% | 31 | 31 |
| 36 | Renault | 16 | 0.3% | #DIV/0! | 38 | 56 | 0.2% | + 2700.0% | 40 | 61 |
| 37 | Omoda | 15 | 0.3% | + 36.4% | 41 | 79 | 0.3% | – 24.0% | 36 | 30 |
| 38 | 212 | 13 | 0.3% | new | 34 | 50 | 0.2% | new | 41 | 50 |
| 39 | Porsche | 12 | 0.2% | – 14.3% | 42 | 58 | 0.2% | – 18.3% | 39 | 39 |
| 40 | Ram | 10 | 0.2% | – 44.4% | 37 | 60 | 0.2% | – 14.3% | 38 | 36 |
| 41 | Volvo | 9 | 0.2% | – 40.0% | 60 | 28 | 0.1% | – 67.4% | 45 | 38 |
| 42 | Maxus | 8 | 0.2% | – 11.1% | 31 | 70 | 0.3% | + 14.8% | 37 | 35 |
| 43 | Riddara | 8 | 0.2% | + 14.3% | – | 8 | 0.0% | – 11.1% | 62 | 55 |
| 44 | BAIC | 7 | 0.1% | new | 47 | 24 | 0.1% | new | 48 | 69 |
| 45 | Farizon | 7 | 0.1% | n/a | 49 | 20 | 0.1% | + 900.0% | 49 | 65 |
| 46 | Acura | 6 | 0.1% | – 45.5% | 44 | 32 | 0.1% | – 47.5% | 44 | 40 |
| 47 | Bestune | 6 | 0.1% | – 25.0% | 48 | 26 | 0.1% | – 61.2% | 47 | 41 |
| 48 | Land Rover | 6 | 0.1% | – 66.7% | 40 | 48 | 0.2% | – 31.4% | 42 | 37 |
| 49 | Mini | 6 | 0.1% | – 14.3% | 43 | 37 | 0.1% | + 5.7% | 43 | 45 |
| 50 | Shineray | 5 | 0.1% | + 400.0% | 58 | 20 | 0.1% | + 150.0% | 50 | 57 |
| 51 | Infiniti | 4 | 0.1% | + 100.0% | 53 | 16 | 0.1% | – 33.3% | 51 | 48 |
| 52 | JIM | 4 | 0.1% | new | 50 | 15 | 0.1% | new | 52 | 66 |
| 53 | Tesla | 4 | 0.1% | + 300.0% | 55 | 8 | 0.0% | – 46.7% | 63 | 53 |
| 54 | AITO | 3 | 0.1% | new | 51 | 12 | 0.0% | new | 55 | 73 |
| 55 | Lincoln | 3 | 0.1% | + 50.0% | 57 | 9 | 0.0% | – 40.0% | 60 | 51 |
| 56 | Cadillac | 2 | 0.0% | + 0.0% | – | 4 | 0.0% | – 66.7% | 64 | 56 |
| 57 | Higer | 2 | 0.0% | + 100.0% | – | 9 | 0.0% | + 200.0% | 59 | 70 |
| 58 | Kama | 2 | 0.0% | n/a | – | 2 | 0.0% | n/a | 74 | 81 |
| 59 | Rox | 2 | 0.0% | new | 54 | 11 | 0.0% | new | 56 | – |
| 60 | ZX Auto | 2 | 0.0% | n/a | 46 | 14 | 0.1% | + 100.0% | 53 | 54 |
| 61 | GMC | 1 | 0.0% | – 66.7% | 63 | 2 | 0.0% | – 71.4% | 72 | 60 |
| 62 | Maserati | 1 | 0.0% | + 0.0% | – | 1 | 0.0% | – 66.7% | 79 | 74 |
| 63 | Peugeot | 1 | 0.0% | – 75.0% | – | 8 | 0.0% | – 61.9% | 61 | 52 |
| 64 | Venucia | 1 | 0.0% | – 66.7% | 59 | 4 | 0.0% | – 42.9% | 65 | 59 |
Panama May 2026 – models:
| Pos | Model | May-26 | % | /25 | Apr | 2026 | % | /25 | Pos | FY25 |
| 1 | Hyundai Grand i10 | 305 | 6.1% | + 43.9% | 1 | 1,462 | 5.5% | + 34.7% | 2 | 2 |
| 2 | Kia Soluto | 288 | 5.8% | + 113.3% | 2 | 1,323 | 5.0% | + 39.1% | 3 | 3 |
| 3 | Toyota Hilux | 245 | 4.9% | – 15.5% | 5 | 1,498 | 5.6% | + 8.5% | 1 | 1 |
| 4 | Toyota Yaris Cross | 234 | 4.7% | + 28.6% | 3 | 1,096 | 4.1% | + 4.3% | 4 | 4 |
| 5 | Isuzu D-Max | 129 | 2.6% | + 29.0% | 6 | n/a | n/a | n/a | n/a | 10 |
| 6 | Changan CS35 Plus | 91 | 1.8% | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| 7 | Hyundai Creta | 90 | 1.8% | – 15.1% | 10 | 572 | 2.1% | + 38.2% | n/a | 6 |
| 8 | Mitsubishi L200 | 82 | 1.6% | + 1.2% | 4 | n/a | n/a | n/a | n/a | 13 |
| 9 | Hyundai Accent | 81 | 1.6% | n/a | n/a | n/a | n/a | n/a | n/a | 15 |
| 10 | Changan Alsvin V3 | 76 | 1.5% | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Source: Manufacturers
This Post Has 3 Comments
Great choice
Matt, FYI, BG police got past week 125 Mazda 3, 2.5 liter, 140 hp sedans, as well as 70 Toyota Hilux pickups, which should be in the June sales chart.
Here’s a link to a picture with these particular cars: image-100.webp (1300×866) https://share.google/YhtdV0byT2FiBkRUW
Thank you very much for this info Todor!
cheers
Matt