Auto Knight » China

Ford Selling Like Hell In China

Darren — Thu, 06 Aug 2009 13:14:01 +0000

More good news for investors in Ford Motor Company as the company announced their latest sales figures in China.

Ford, which is marketing vehicles in China under the auspices of a joint venture with Changan Ford Mazda, which is a tie-up with Chongqing Changan Auto Co (000625.SZ) and Mazda Motor (7261.T), saw sales increase 54% over last year for the month of July.

So far the JV has seen sales total 123,474 for the first seven months of 2009. That’s a 21.5% increase over 2008.

The Ford Focus is selling particularly well. July was the fifth month in a row where the company sold over ten thousand of the fuel efficient Focus.

Joining the Focus in hot sales was the new compact Ford Fiesta. The Fiesta has been available in China since March and a total of 22,630 units have been purchased since then. Two other models that are selling well are the Mondeo and S-MAX. These two have risen 68 percent and 22 percent from a year earlier, respectively.

Ford is not the only American car company with rapidly increasing sales in China. Bankrupt rival General Motors posted a one year increase in sales of 77.7% in July, selling a total of 144,593.

GM Offers New Cars In China

Darren — Sun, 13 Apr 2008 14:46:39 +0000

GM is looking to bolster their growth, so they look to where many companies do these days: China. Volume in China is picking up for American heavyweights. Ford is expected to sell 90,000 vehicles this year and GM is hoping to hit 400,000 units sold.

The Buick Excelle is popular in China

“We’ll use more integrated global resources to develop more cars for China in the next decade,” Ding Lei, who runs the Chinese operations, told Bloomberg. “The brand has got its’ root in China.”

GM has been experiencing falling demand in its’ domestic U.S. market, largely due to declines in sales of SUVs and light trucks. They are hoping to make up for the lack of demand by selling more units overseas. In fact, China is already the biggest market for Buick, with over 350,000 Buicks sold in 2006.

GM is currently the largest foreign auto maker in China.

Ford Sales In China Up 47% In First Quarter

Darren — Wed, 09 Apr 2008 21:34:57 +0000

Ford sold 90,791 vehicles in China, and increase over the prior year of 47%. The sales represent a definite sweet spot for the company.

Changan Ford Mazda Automobile, the company’s passenger car joint-venture, posted quarterly sales of 61,789 units, which has increased by 58 per cent compared with the same period a year earlier.

Jiangling Motor Corporation, Ford Motor’s commercial vehicle investment in China, delivered 23,785 commercial vehicle sales for the first quarter, including Ford Transit sales of 6,908. The company introduced a new Ford Transit in January, which boasts a class-leading design, features and advanced technology.

Ford has grown for 4 straight quarters in China.