IPC Truck sales post 2-Digit growth

Sales of Isuzu Philippines Corporation's (IPC) medium- and heavy-duty truck models registered a double-digit leap in both year-to-date first-quarter total and month-on-month result for March.

Based on a combined report released by the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association, IPC sold 158 medium- and heavy-duty trucks (Category IV and V) from January to March 2013, a 53.4% spike from the 103 units the company delivered in the same period last year. With total Philippine industry sales of 462 units in the segment, IPC trucks have taken a 34.2% share during the first quarter of 2013.

The report also showed that IPC's sales of medium- and heavy-duty trucks in March jumped 113.5% over the company's result in February. March deliveries reached 79 units while 37 units were sold in the previous month. Isuzu trucks have commanded a 44.1% share as the industry total for the segment in March logged 179 units.

Similarly, IPC's other truck products include the NHR and the NKR of the N-Series light-duty range, which have been the bestsellers in its segment for a record 14 consecutive years. For Category III, sales reached 126 units in March, a 24.8% rise from the 101-unit total it achieved in February. The result means Isuzu's light-duty trucks enjoy a solid 68.5% share of this segment.

Combined sales of Isuzu trucks in all segments (Category III, IV and V) tallied to 205 units in March compared to 138 units in February - a 48% gain.

"The strong performance of Isuzu's commercial truck models is directly parallel to the robust health of the Philippine economy," said IPC Executive Vice President Takashi Tomita. "As various local SMEs and other businesses grow, so does the market's need for vehicles that can be relied upon to move the country forward."

Helping boost IPC's solid first-quarter performance is the Isuzu Crosswind, which during the first three months of the year posted an 8% growth with sales of 1,518 units compared to the 1,405 units moved during the same months in 2012. In March, the Crosswind's tally of 512 units was 4.5% higher than the 490 units sold in February.