Isuzu Philippines posts record 30.4-% increase in sales in first half of 2016
It's only halfway through the year yet Isuzu Philippines Corporation (IPC) has already achieved significant growth and sales figures.
IPC sales in the first six months of 2016 reached 13,258 units, a significant 30.4-percent increase from the 10,169 units sold during the first half of 2015. As reflected in the joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA), IPC’s performance traces a steeper upward trajectory than the 27.4 percent rate, or 167,481 units sold, posted by the country’s automotive industry for the same period.
"The brisk movement experienced across Isuzu Philippines Corporation’s model lineup is a manifestation that the company offers consumers some of the most relevant products available locally. With many of Isuzu products geared toward business use, the growth is also an accurate indication of the market’s optimistic view regarding the economy," said Hajime Koso, IPC President
The entire product range of IPC registered increases in the first half of the year, with deliveries of Isuzu heavy-duty Category V trucks logging the best result with an unparalleled 833.3-percent spike. The record is aided by the increases achieved by Isuzu’s Category IV buses (25 percent), light-duty Category III commercial trucks (18.8 percent), and Category IV trucks (16.6 percent). Combined, sales of IPC’s commercial trucks and buses totaled to 2,703 units, a 36.7-percent rise from the 1,977-unit tally for the same months last year.
Bolstering this is the performance of IPC’s light commercial vehicle lineup. During the same period, a total of 2,361 Crosswind units were sold, a 20.4-percent increase from a year ago. Deliveries of the D-MAX pickup were not far behind at 1,897 units, which is a 34.3-percent jump.
Meanwhile, IPC’s best-selling vehicle continues to be the mu-X SUV, which for the first six months registered a 30.7-percent increase, or total sales of 6,297 units. The result places the mu-X as among the top models in its category, securing a 29-percent share in the segment. In June alone, the mu-X’s tally of 1,181 units has outpaced the result logged by its direct competitors.
The rest of IPC’s models performed equally well in June, with the company posting a 13-percent growth compared to the same month in 2015, or 2,439 vehicles sold in June this year versus 2,159 units sold in June last year. Supporting the mu-X’s tally for the month were those of the Crosswind at 434 units, the D-MAX with 304 units, Category III trucks with 307 units, Category IV buses with three units, Category IV trucks with 140 units, and Category V trucks with 70 units.
In June, IPC also recorded its best monthly tally this year, besting its result in March by two units.