-
Ford and its joint ventures in China sold 88,432 vehicles in January
-
Changan Ford Automobile sold 66,163 vehicles
-
Jiangling Motor Corporation sold 20,249 vehicles
Company Website:
http://corporate.ford.com/
SHANGHAI -- (Business Wire)
Ford and its joint ventures in China sold more than 88,000 vehicles in
January with the Edge SUV and Mustang recording all-time record months.
Total sales for Ford, including JVs Changan Ford Automobile and
Jiangling Motor Corporation, were down 32 percent versus January 2016.
The overall results were adversely affected by two factors:
-
Many Chinese buyers pulled ahead the purchase of vehicles late last
year to take advantage of a tax break on vehicles with smaller
displacement engines, which was halved on Jan. 1.
-
January had five fewer selling days this year versus last year due to
the timing of the Chinese New Year.
“January was an unusual month with the earlier timing of the Chinese New
Year holiday and the impact of the reduced tax incentive,” said Peter
Fleet, vice president, Marketing, Sales and Service. “Sales of vehicles
not affected by the tax incentive were strong. In fact, the Edge,
Explorer and Mustang all saw an increase over a year ago despite the
fewer selling days. So the underlying market conditions and customer
demand for our exciting new products remains strong.”
Ford’s performance family continues to gain popularity with sports car
enthusiasts as sales of the Ford Mustang more than doubled, setting
another best-ever monthly sales record, and Focus ST and RS sales
increased 64 percent compared to January 2016.
Monthly sales for Changan Ford Automobile, Ford’s passenger car joint
venture in China, totaled more than 66,000 vehicles, down 41 percent
compared to the same time last year.
Jiangling Motor Corporation, Ford's other joint venture in China, saw a
strong January, selling more than 20,000 vehicles, a 17 percent increase
compared to January 2016.
Ford Motor Company China Retail Sales Performance |
|
|
|
|
|
|
|
January 2017
|
|
January 2016
|
CAF
|
|
66,163
|
|
111,856
|
Imported Vehicles
|
|
2,020
|
|
1,721
|
JMC
|
|
20,249
|
|
17,255
|
Total China |
| 88,432 |
| 130,832 |
|
| |
| |
Editor’s note: Ford reports retail figures in China. JMC figures exclude
export sales. Lincoln sales in China are reported on a quarterly basis.
About Ford Motor Company
Ford Motor Company is a global automotive and mobility company based in
Dearborn, Michigan. With about 201,000 employees and 62 plants
worldwide, the company’s core business includes designing,
manufacturing, marketing and servicing a full line of Ford cars, trucks
and SUVs, as well as Lincoln luxury vehicles. To expand its business
model, Ford is aggressively pursuing emerging opportunities with
investments in electrification, autonomy and mobility. Ford provides
financial services through Ford Motor Credit Company.
Ford’s wholly owned subsidiaries, joint ventures and investment in China
include Ford Motor (China) Limited, Ford Motor Research & Engineering
(Nanjing) Co., Ltd., Ford Automotive Finance (China) Ltd., Changan Ford
Automobile Co., Ltd., Changan Ford Mazda Engine Co., Ltd. and Jiangling
Motors Co., Ltd.
For more information regarding Ford’s products, please visit http://corporate.ford.com
and www.ford.com.cn.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170208006395/en/
Contacts:
Ford Motor Company
Jonathan Mao, + 86 21 2032 2202
ymao5@ford.com
or
Mary
Katherine Lim, +86 21 2032 2631
msmi1108@ford.com
Source: Ford Motor Company
© 2024 Canjex Publishing Ltd. All rights reserved.