Isuzu Philippines Corporation (IPC) garnered a 19.6-percent year-on-year growth increase last September as 19,528 units were sold by the company through its Light Commercial Vehicles (LCV) as well as its truck and bus lineup. This is nearly a fifth of its results during the same period last year.
According to the combined report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) released in September, the trio of the Isuzu Crosswind AUV, mu-X SUV and D-MAX pickup combined for a 16.6-percent growth in sales. On the other hand, Isuzu's trucks and bus offerings achieved a 31.8-percent increase.
“The buoyancy currently experienced by the domestic economy manifests in strong consumer confidence, which in turn impacts automotive sales in a positive manner. Isuzu’s sustained upward trajectory this year reflects this development, as well as the market’s demand for vehicles that enhance both personal and commercial mobility,” said Hajime Koso, IPC President.
A total of 3,495 units of Crosswind were sold reaching 15.4-percent increase in sales. D-MAX sold at least 2,826 units registering a solid 27.3-percent growth. The mu-X, on the other hand, retains its position as the company's bestseller with 8,914 units sold which lead to jump 14.0 percent in sales.
Apart from the light commercial vehicles, trucks and buses also contributed to IPC's growth in sales with 2,570 units sold this year, results of the Category III N-Series models rose 17.6-percent. Meanwhile, sales of Category IV buses grew 130-percent, Category IV trucks 21.9-percent, and Category V trucks a record 283.2-percent. The increases represent total sales of 4,293 trucks and buses for the first nine months of 2016.
IPC’s total in September this year maintained momentum with a 3.2 percent increase compared to the same month last year. The slight 2.3 percent decline in sales of Isuzu’s light commercial vehicles was offset by the significant 23.5 percent growth in the company’s truck and bus segment.
“The last quarter of 2016 should see a more robust economy as remittances from abroad arrive. This should spur more spending, and we’re confident that Isuzu vehicles will remain a top-of-mind choice for consumers looking for vehicles that are suited for both personal and business purposes,” said Koso.