Cars

Yuchengco-Led House of Investments Shutting Down Five Honda and Isuzu Dealerships

This move was made in order to “streamline the car dealership operations” of the company.
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Traffic-riddled streets and reopened train lines aren’t the only big stories on the first day of general community quarantine. We also received word earlier today that multiple car dealerships in Metro Manila are set to close down this month.

In a company disclosure to the Philippine Stock Exchange, the Yuchengco-led House of Investments, Inc. announced that it will shut down five dealerships in Metro Manila—four Honda dealers and one Isuzu showroom. This move was made in order to “streamline the car dealership operations” of the company. The affected dealerships are as follows:

  • Honda Cars Fairview
  • Honda Cars Marikina
  • Honda Cars Marcos Highway
  • Honda Cars Kalookan
  • Isuzu Greenhills

Honda Cars Philippines (HCPI) has since released a statement regarding these imminent closures. Part of the statement reads:

“HCPI expresses its regrets as these dealerships have been valued partners in contributing to Honda’s local operations over the past number of years.

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“HCPI values its customers and remains committed in ensuring customer satisfaction. HCPI reassures the public that the existing dealerships in Metro Manila as well as nearby provinces will be able to sufficiently service customers that may be impacted by the closure of these dealerships and continue to provide both sales and after-sales service for customers in these areas. In addition, mobile service facilities will also be set up in strategic locations to address basic and more immediate customers’ assistance in the aforementioned affected areas”

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According to HCPI’s statement, the Honda dealers are set to close up shop on June 30, 2020.

This story originally appeared on Topgear.com.ph. Minor edits have been made by Esquiremag.ph editors.

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Leandre Grecia for Topgear.com.ph
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