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Posts Tagged ‘ford china sales’

Ford Snags China Veteran to Help Reverse Sales Slide

Automaker turns to Chinese exec with extensive experience in the U.S.

by on Aug.24, 2017

Ford hired former Key Safety Systems chief Jason Luo toturn around the automaker's sales in China.

Struggling to reverse a sharp decline in sales in the world’s largest automotive market, Ford Motor Co. has gone outside for a new CEO. It poached Jason Luo, who had been running auto parts supplier Key Safety Systems, to run its Chinese operations starting immediately.

Born in China, but educated in the U.S., Luo had spent the last decade in Michigan transforming the Chinese-owned KSS into a major player in the auto safety field. Just two months ago, Key agreed to buy most of the assets of bankrupt Japanese airbag supplier Takata Corp.

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“Jason’s leadership and track record of business growth and transformation in China make him the ideal person to lead Ford in the world’s largest vehicle market,” said Peter Fleet, Ford group vice president and president, Ford Asia Pacific. “He will help us raise our vision in China as we become more nimble and operationally fit, expand vehicle electrification and begin to localize Lincoln vehicle assembly.” (more…)

GM, Ford Enjoy Strong June Sales in China

Sport utes driving the market increase.

by on Jul.07, 2017

Matt Tsien, who heads up GM China, welcomed the jump in sales last month, led largely by SUV sales.

Sales in China by American carmakers perked up during June, offsetting the weakness earlier this year, with GM posting a 4.3% increase while Ford Motor Co. posted a double-digit increase of 15%.

Overall, for the first six months of 2017. GM’s sales in China declined 2.5% while Ford’s have dropped 7%. During June, GM and its joint ventures in China posted record sales as deliveries increased to 285,191 vehicles.

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The Buick, Cadillac and Baojun brands all posted record results for June, and Chevrolet had its strongest growth in six months. Demand for SUVs, the key driver of GM’s sales growth, remained the company’s best-performing segment, surging 42% last month. (more…)

Ford Sales in China Jump While GM’s Fall

Automakers expect positive momentum going forward.

by on May.08, 2017

Ford's executive leadership team in China is excited about the sales prospects for the remainder of the year.

Ford Motor Co. said its sales in China rebounded during April after a sluggish March, but GM’s sales slipped by almost 2% despite strong sales of sport utility vehicles and the Cadillac brand.

Ford reported selling nearly 94,000 vehicles in April in China, up 11% compared to April 2016. Monthly sales for Changan Ford Automobile, Ford’s largest partner, totaled more than 62,000 vehicles, up 6% compared to the same time last year.

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Jiangling Motor Corp. sold more than 25,000 vehicles in April, a 15% increase compared to April 2016. While Lincoln sales climbed by 95% to 4,500 units. (more…)

GM, Ford Sales in China Continue to Rise

General Motors breaks 3-million vehicle mark for 2016.

by on Nov.07, 2016

The Buick Envision sold big in China in October. The company reported sales of the SUV were up 28%.

For some makers, China has cooled down; however, General Motors and Ford continue to enjoy impressive sales results in 2016. GM surpassed 3 million vehicles for the year in October as Ford continued its run of double-digit sales jumps last month.

With its eye on a new record, GM China reported sales increased 5.7% during October to 345,733 vehicles in China. In the first 10 months of 2016, the jump in retail sales by GM and its joint ventures was even higher – 8.6% on an annual basis – raising the total to 3,064,048 units.

“GM and our joint ventures reached 3 million deliveries in record time, as sales remained strong across many segments,” said GM Executive Vice President and GM China President Matt Tsien.

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“We are pleased with the overall performance of our mainstream Cadillac, Buick and Chevrolet brands as well as the Baojun and Wuling brands in the highly competitive marketplace.” (more…)

Ford Enjoys 24% Sales Leap in China

Lincoln sets new full-year sales record.

by on Oct.11, 2016

Sales of Ford SUVs, like Everest, pushed the maker to a 24% sales jump in September.

Ford Motor Co. sales in China jumped 24% in September due to the demand for its growing line-up of sport-utility vehicles.

The results mirror that of its competitor General Motors, which reported an increase of 16% last month, based largely on its large luxury sedans and SUVs.

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Through the first nine months, Ford has sold 879,559 vehicles: An increase of 11%. However, when you separate out its utility vehicle sales, the company’s strength becomes clear. (more…)

Ford’s July Sales Jump 15 Percent in China

Company's sales are up 6% through July.

by on Aug.08, 2016

Ford sales are up 6% in China in the first half of the year due to the popularity of its SUVs and crossovers, like the new Edge.

Ford and its joint ventures in China increased sales by 15% in July, giving the company a bit of good news after a spate of disappointing financial and sales reports from other parts of the globe, including key market in North America.

Year-to-date sales for Ford, Changan Ford and Jiangling Motor Corp. total 652,836 vehicles, up 6% compared with the same time last year.

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July sales for CAF, Ford’s passenger car joint venture, increased 20% compared to July 2015. Year-to-date sales for CAF accelerated past the half million mark with 503,719 vehicles sold, up 11% compared with last year. (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, Buick Trend and Deliver Record Chinese Sales

by on Jan.08, 2016

The Ford Focus in China.

Despite the increasingly serious downturn in the Chinese economy, both Ford Motor Co. and General Motors Corp. managed to lock down record sales in China for 2015.

That bucks the trend that has hammered a number of their key competitors, including Japanese giant Toyota and embattled German maker Volkswagen. Both makers are upbeat, albeit playing things cautiously as they look ahead to 2016.

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So far, both GM and Ford have refrained from making any predictions about China’s market. However, executives from both companies are likely to be pressed for forecasts during the North American International Auto Show in Detroit next week.

(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…)

Ford Enjoys Record January Sales in China

GM sees drop as economic growth slows.

by on Feb.09, 2015

GM's sales in China fell in January as production couldn't keep up with demand.

It was the best of times. It was the worst of times … or, when describing General Motors’ sales results in China last month, it was a subpar time.

Sales by GM and its joint venture partners in China dropped 2.4% during January as GM felt the impact of the slowing of the Chinese economy for the first time after years of steady growth.

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Conversely, it was the best of times for Ford, as the maker reported record sales growth in China as it continued to benefit from its recent expansion in the Chinese market with sales increasing 19% from a year ago. (more…)