Ford's Europe Auto Sales Rise 9% in January
February 12 2016 - 7:20AM
Dow Jones News
Ford Motor Co.'s European new-vehicle sales rose 9% in
January—tripling the industry rise—as the Detroit auto maker
continues to focus on the growing market for sport-utility vehicles
there.
Ford sold 105,000 new vehicles across 50 European markets. In
its 20 traditional European markets, where it is represented
through national sales companies, sales shot up 10% to 96,900.
The auto maker also continued to grow its market share there,
edging up 0.4 percentage point to 7.6%.
"The European auto industry is off to a very strong start and
Ford was able to outpace this growth thanks largely to demand for
our SUVs, commercial vehicles and performance vehicles," said
Roelant de Waard, vice president of marketing, sales and service
for Ford of Europe. "Importantly, we gained share by selling to
retail customers while many others in industry are using
self-registration and rentals sales extensively."
Ford said sales of its EcoSport and Kuga SUVs jumped 50% and
19%, respectively.
The company plans to launch seven new and refreshed vehicles
this year, including the new Kuga and Edge SUVs, a Focus RS
performance hatch, new powertrain and technologies for Transit and
Transit Custom, and a freshened Ranger pickup.
Ford continues to anticipate surpassing 200,000 SUV sales in
Europe for the first time, for growth of more than 30% in 2016.
Shares in the company, which have fallen 13% over the past
month, were inactive premarket.
Write to Anne Steele at Anne.Steele@wsj.com
(END) Dow Jones Newswires
February 12, 2016 07:05 ET (12:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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