The Yuchengco Group of Companies, through made an announcement at the Philippine Stock Exchange (PSE), announced that its House of Investments (HI), which handles the company’s auto division, will be shutting down five automotive dealerships in Metro Manila.
In a company announcement effective June 2, 2020, HI shut down four Honda dealerships. Honda Cars Philippines, Inc. (HCPI) has since released an official statement regarding the recent turn of events.
“In light of the closure of Honda’s four (4) dealerships in the northern part of Metro Manila namely Honda Cars Fairview, Honda Cars Marikina, Honda Cars Marcos Highway, and Honda Cars Kalookan effective June 30, 2020, Honda Cars Philippines, Inc. (HCPI) expresses its regrets as these dealerships have been valued partners in contributing to Honda’s local operations over the past number of years.
“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.
“Notwithstanding the closure, HCPI currently stands at thirty-four (34) dealerships nationwide, including two (2) upcoming dealerships which are scheduled to be operational soon. All these dealerships will continue to offer sales and after-sales services. Customers are advised to reach out to any of the dealerships nearest them, or to HCPI customer service personnel at (632) 8-857-7240 for any queries or clarifications,” said Atty. Louie Soriano, Vice President for Sales, Sales Division, HCPI.