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Posts Tagged ‘auto sales in China’

GM, Ford Sales in China Move in Opposite Directions

GM sales hit record highs in August.

by on Sep.07, 2017

Ford's overall sales fell in August, the EcoSport posted an increase, as did the Lincoln brand.

General Motors set a new record for sales in China during August, but Ford Motor Co. reported that the company’s sales declined 1% last month.

According to Ford, China vehicle sales came in at 97,863 units, down 1% year over year versus a decrease of 7% in July. Through the first eight months of 2017, Ford’s sales in China have dropped 6% year over year, compared with a rise of 6% year ago

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One bright spot for Ford were sales of the luxury Lincoln brand, which topped 5,000 units in August. It was the first time Lincoln sales surpassed 5,000 unit. (more…)

Ford Sales in China Slide 8.7 Percent in February

Maker's Escort defies trend with 15% increase.

by on Mar.09, 2016

The newly revived Escort continues to enjoy strong sales in China with a 15% increase in February.

The fall off in auto sales in China hit Ford hard last month as the company reported its sales fell 8.7% in February compared with year-ago results.

The drop is in stark contrast to the maker’s January results when sales rose 36%. Through the first two months, sales for Ford and its Chinese partners are up 18%, but the year expected to be a tough one for automakers.

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However, those putting out sport-utility vehicles will enjoy an advantage as those vehicles are the hot sellers in that market right now. (more…)

GM, Ford Enjoy Strong March Sales in China

Auto sales rise despite economic sluggishness.

by on Apr.07, 2015

Cadillac's March sales in China were 76% due in large measure to a strong interest in the ATS.

General Motors and Ford saw their vehicle sales grow in China during March despite concerns about the slower growth in the Chinese economy.

GM reported its sales increased 8% last month to a March-record 338,350 units. GM has 11 joint ventures, two wholly owned foreign enterprises and more than 58,000 employees in China.

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Sales by SAIC-GM-Wuling and Cadillac, which saw its sales grow by more than 76%, reached an all-time monthly high, while Shanghai GM and Chevrolet had record March domestic sales. (more…)

Chinese Car Sales Slow

Will that encourage Chinese automakers to shift focus to the U.S.?

by on Oct.15, 2014

A Chinese ad for the stretched Volvo S60L represents a possible change in how makers are dealing with slowing Chinese auto sales.

China’s once red-hot automotive market appears to be cooling down along with the rest of the Asian nation’s economy – and that could create some serious headaches for manufacturers who have committed billions of dollars in investments for new products and the plants needed to build them.

The slowdown raises the possibility that after long focusing on the booming domestic market, automakers might now need to shift focus to exporting cars to Europe and the U.S. to keep their factories running at full speed. Some observers are speculating that might be one of the reasons why investment guru Warren Buffett has purchased one of the largest auto dealer networks in the U.S.

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The slowdown in China nonetheless needs to be put into perspective. While the pace of growth has slowed substantially from the days when sales soared by as much as 100% annually, China’s car market is still the world’s largest and is growing at roughly the same rate as the U.S. automotive recovery. (more…)