Ford in China Sells 88,432 Vehicles in January; Edge, Mustang Set Best-Ever Monthly Sales Record
February 09 2017 - 1:14AM
Business Wire
- 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
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170208006395/en/
Ford Motor CompanyJonathan Mao, + 86 21 2032
2202ymao5@ford.comorMary Katherine Lim, +86 21 2032
2631msmi1108@ford.com
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