Ford Motor Company First Half Sales in China Up Six Percent, Accelerating Past Half Million Mark
By Business Wire News
By Business Wire News
Ford Motor Company continued its strong performance in China with vehicle sales in the first half for Ford, Lincoln and its joint ventures reaching 577,097 vehicles, a 6 percent increase compared to the same time last year.
Vehicle sales for Ford and its joint ventures in the first half were up 5 percent over last year to 564,647, with June accounting for 85,105 units sold. June results were 3 percent higher than June 2015.
“We continue to see solid growth in China during the first half,” said Dave Schoch, Ford Motor Company group vice president and president of Asia Pacific. “Even as the pace of growth slows and the market matures, customers continue to respond well to our products, particularly our world-class SUV lineup.”
Demand for Ford and Lincoln sport utility vehicles (SUVs) continues to be high in the first half of 2016, with combined sales of the Ford EcoSport, Kuga, Edge, Everest and Explorer and Lincoln MKC, MKX and Navigator surpassing 150,000 vehicles, a 27 percent increase over 2015.
The Ford Edge saw sales surpass the 50,000 mark during the first half. First half sales for the Ford Explorer increased nearly 50 percent over last year to 6,884.
First half sales for Changan Ford Automobile (CAF), Ford’s passenger car joint venture, reached 434,645 vehicles, a 10 percent increase compared to last year. In June, CAF sold 64,377 vehicles, up 4 percent compared to June 2015.
Jiangling Motors Corporation (JMC), Ford’s commercial vehicle investment in China, sold 19,351 vehicles in June, an increase of 5 percent compared to last year. First-half sales totaled 121,514 vehicles, down 7 percent.
Lincoln continues to see strong growth in China with 12,450 vehicles sold in the first half of 2016, an almost three-fold increase compared to last year. With this, the luxury brand already has exceeded last year’s full-year sales of 11,630.
Ford Motor Company China Retail Sales Performance
|June 2016||January – June 2016||June 2015||January – June 2015|
|Imported Ford Vehicles||1,377||8,488||2,511||14,856|
|Total China (Excluding Lincoln)||85,105||564,647||82,986||540,072|
|Total Ford Motor Company China||577,097||544,357|
Editor’s note: Ford reports retail figures versus wholesale figures. The chart above reflects retail figures. JMC figures reflect only sales in China and 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 67 plants worldwide, the company’s core business includes designing, manufacturing, marketing, financing and servicing a full line of Ford cars, trucks, SUVs and electrified vehicles, as well as Lincoln luxury vehicles. At the same time, Ford is aggressively pursuing emerging opportunities through Ford Smart Mobility, the company’s plan to be a leader in connectivity, mobility, autonomous vehicles, the customer experience and data and analytics. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford and its products worldwide or Ford Motor Credit Company, visit www.corporate.ford.com.
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.