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News and Events

(Look) Motor Vehicle Loans Sustain Robust Growth Despite Slumping Car Sales

Outstanding vehicle loans rose 18% in July, but car sales for the month fell 24% from a year ago

Passenger and commercial vehicle sales sharply fell by almost a quarter in July compared to the same month last year after higher excise taxes on cars came into effect at the start of the year and fuel prices continued going up.In the ...

by Lorenzo Kyle Subido  | September 11, 2018 09:00:00
News and Events

Strong GDP Growth Boosts PH’s No. 1 Truck Maker

Rising cargo volumes helped Isuzu Philippines triple its sales of heavy trucks in 2016

If it’s true that economic growth is delivered on the back of cargo trucks—a claim attributed to American truckers—then the Philippines looks set for further rapid expansion.Isuzu Philippines Corp., the country’s No. 1 truck maker, reported that sales of its heavy trucks ...

by Pauline Macaraeg  | April 23, 2017 10:00:00