Strong Growth in First Quarter Sales for Ford and Lincoln Brands in China

Ford Motor Company continues its strong start to 2016 as first quarter sales in China increased 14 percent compared to the same period last year, with 314,454 vehicles sold. Sales of Ford-branded vehicles reached 114,788 in March, up five percent compared to March 2015.

“We are pleased with the continued growth and positive customer response our products continue to receive in China,” said John Lawler, chairman and CEO of Ford Motor China. “We remain committed to offering a great portfolio of vehicles and providing world class service to our valued customers.”

First quarter sales for Changan Ford Automobile (CAF), Ford's passenger car joint venture, reached 244,411 vehicles, an increase of 23 percent compared to last year. CAF sold 84,292 vehicles in March, up 12 percent compared to March 2015.

Ford sport utility vehicles (SUVs) continue to be in high demand with Chinese customers, with combined sales of the Ford Ecosport, Ford Kuga, Ford Edge, Ford Explorer and Ford Everest totaling 79,964 vehicles in the first quarter, up 38 percent compared to the same time last year. Ford sold 26,732 SUVs in March, up 29 percent compared to March 2015.

Ford performance vehicles have been another highlight for the brand in China. Sales of the iconic pony car, the Ford Mustang, were up 75 percent in the first quarter, while sales of the Ford Focus ST increased 23 percent during the same time.

Jiangling Motors Corporation (JMC), Ford's commercial vehicle investment in China, sold 60,306 vehicles in the first quarter of the year, down 11 percent compared to 2015. March sales totaled 28,997 vehicles, down eight percent compared to last year.

Lincoln has also had a strong start to the year with 5,484 vehicles sold in the first quarter, a three-fold increase compared to the same time in 2015. Lincoln’s strong performance in the first quarter was supported by the growing number of dealerships, which reached 37 by the end of March, and Chinese customers’ positive reception of Lincoln SUVs.

Ford Motor Company China Retail Sales Performance

March 2016

January – March
2016

March 2015

January – March
2015

CAF 84,292 244,411 75,015 199,518

Imported Ford
Vehicles

1,499 4,253 2,481 7,191
JMC 28,997 60,306 31,451 67,418

Total Ford
Brand China

114,788308,970108,947274,127
Lincoln 5,484 1,610

Total Ford
and Lincoln
Brand China

314,454

275,737

Editor’s note: Ford reports retail figures instead of wholesale figures. The chart above reflects retail figures. JMC figures reflect only China sales and exclude export sales.

About Ford Motor Company

Ford Motor Company is a global automotive and mobility company based in Dearborn, Michigan. With about 199,000 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. For more information regarding Ford, 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.

For more information regarding Ford’s products, please visit http://corporate.ford.com and www.ford.com.cn.

Contacts:

Ford Motor Company
Mary Katherine Lim, +86 21 2032 2631
msmi1108@ford.com
Becky Cho, + 86 21 3858 1655
bcho4@ford.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.