Isuzu Philippines sales grew 20% in the 10 months to October, the firm said.
January-October sales enabled Isuzu to remain the “third-biggest manufacturer of commercial vehicles in the country,” the statement cited by local piblication BusinessWorld said.
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Isuzu sold 9,595 units to the end of October, 20.4% up on the 7,968 units booked in the same period last year. October-specific data was not available but the automaker said it took 11% of the country’s commercial vehicle market.
Isuzu president Ryoji Yamazaki said: “In the final two months, we expect the company’s performance to even improve as sales will likely be boosted by increased consumer spending during the coming holiday season and by remittances from overseas Filipino workers, as well as several economic factors that would spur market confidence.”
The Chamber of Automotive Manufacturers of the Philippines, Inc, reported industry sales of 126,663 units from January to October, up 7% year on year.
