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Mitsubishi announces sales increase of 23 percent in Q1
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A mechanic inspects a Mitsubishi truck. (kontan.co.id/Cheppy A Muchlis)
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uthorized Mitsubishi truck distributor PT Krama Yudha Tiga Berlian Motors (KTB) has announced its sales increased by 23 percent in the first quarter of 2017, compared to the same period last year.
The total sales up to March this year reached 10,068 units of vehicles, compared to 8,197 units in the same period in 2016, said KTB marketing director Duljatmono as reported by kontan.co.id.
Improved performance of the country’s logistics and plantation sectors helped Mitsubishi’s sales, Duljatmono said, adding Sumatra saw the biggest increase in sales, helped by the price increase of commodities exported from the island.
Amid the increase in sales of commercial vehicles, there have been concerns about a possible increase in the rate of non-performing loans (NPLs), related to loans for commercial vehicle sales.
Duljatmono, however, said the NPLs could decrease with the sales surge.
The market share of Mitsubishi commercial vehicles in January and February stood at 46.3 percent, a 0.3 percent decrease from last year, while the shares of Hino and Isuzu were 31.8 percent and 15.1 percent, respectively.
This year, KTB aims to increase its commercial vehicle share to 48 percent, compared to 45.8 percent in 2016. (bbn)
The writer is an intern at The Jakarta Post
