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Posts Tagged ‘February auto sales China’

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.

China Sales News!

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

General Motors China Sales Drop 9.3 Percent in February

Decline raises red flags about 2016 auto sales.

by on Mar.07, 2016

The Buick Envision helped push GM China's SUV sales up 115% in February. The company's overall sales were down 9.3%.

General Motors reported it sales in China dropped by 9.3% during February, reversing the sales gain the automaker reported during January and feeding the anxiety felt around the world about the outlook for the Chinese economy in general.

GM blamed the decline on seasonal factors, notably the early start to the Chinese New Year holiday, which shuts down commerce throughout China. But with concerns about the path of the Chinese economy rattling markets around the world, the decline in February is bound to feed the anxiety over future auto sales in China, which is now the world’s largest market.

The Leader in Global Automotive News!

GM executives have predicted that new vehicle sales in China, where the automaker ranks just behind Volkswagen in total sales, would grow modestly 2016. (more…)