Growth in motor vehicles sales in 2016 is expected to slowdown for a much needed correction after posting unprecedented growth this year. The industry, however, is expected to ramp up investments next year to reinforce after sales service. Art Balmadrid, senior vice-president of Isuzu Philippines Corp. (IPC), said industry growth sales next year is expected between five to 10 percent over 2015 although the growth projection would be reviewed after the first semester sales performance. (MB)Heavy traffic in Edsa going corner Roxas Boulevard due to arrival of delegates from different country attend in APEC summit (Photo by Ali Vicoy) Total industry sales this year is expected to reach 310,000 units or a record growth of 20 percent from 275,000 sales level in 2014. “Growth rate will be slower next year because we have a higher base already,” Balmadrid said. In the case of IPC, he expects the company to grow [...]
