IPC records strong sales from January to April

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Isuzu Philippines Corp. (IPC) announced on Tuesday slightly strong sales for the first four months of 2013.

Based on the figures collated by the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association, IPC sold 3,793 vehicles from January to April compared to the 3,582 units recorded in the same period last year. This amounts to a 5.9-percent growth in sales for the company.

On a month-on-month basis, IPC sales gained 7.6 percent, with 1,059 vehicles rolled out in April out versus March’s 984 units sold.

The Isuzu Crosswind gave IPC the boost for its sales.

A total of 628 units Isuzu Crosswinds were sold in April alone, for a 22.7-percent spike over the 512 units sold in March.

Furthermore, 2,146 Crosswind units were sold from January to April compared to the
1,846 units recorded during the same period in 2012, reflecting a 16.3-percent rise in sales.

This placed the Crosswind at second spot in the country’s competitive Asian utility vehicle (AUV) segment for the month of April, as well as in the first four months of the year.

IPC president Nobuo Izumina, who took over the helm of the company just this month, lauded the strong sales of the Crosswind.

“Once again, figures clearly show that the Isuzu Crosswind is well received in the market, and this is due to its numerous traits that perfectly respond to Filipinos’ family and business requirements,” he said.

“The periodic upgrades that this vehicle continuously receives ensure it remains the ideal AUV choice in the country,” Izumina added.

Other drivers for IPC’s growth sales include its Category 3 light-duty trucks, selling 487 units during the first four months. This is an 18.5-percent jump from the 411-unit total in the same period last year.

Moreover, medium and heavy duty trucks made a 50-percent jump in sales year-on-year, with 210 units sold the first four months of this year.

“Both the domestic vehicle sector’s and IPC’s gains in 2013 can be attributed to the strength of the Philippine economy, which is recently evidenced by—among other factors—record highs in the stock market and the numerous credit-rating upgrades from international financial institutions,” Izumina said.

Ruben D. Manahan 4th

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