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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ford Motor Company | NYSE:F | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.204 | 1.67% | 12.404 | 12.55 | 12.36 | 12.40 | 25,400,113 | 18:36:32 |
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:
“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 17,255Total China
88,432130,832
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/
Ford Motor CompanyJonathan Mao, + 86 21 2032 2202ymao5@ford.comorMary Katherine Lim, +86 21 2032 2631msmi1108@ford.com
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