Panama May 2026: Changan reaches record 4th place in solid market

23 June 2026 at 09:19

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

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