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GM, Ford Set New Sales Records in China

Makers ride popularity of SUVs and luxury cars to new benchmark.

by on Jan.06, 2017

GM Executive Vice President and GM China President Matt Tsien said the automaker's 13 new or refreshed vehicles in China led to record sales this year.

Both General Motors and Ford Motor Co. reported record sales in China during 2016, thanks in part to the growing popularity of American-designed sport-utility vehicles and luxury cars.

Between them the two American giants sold more than 5 million vehicles, claiming more than 20% of the total Chinese market.

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GM and its joint ventures reported delivering a record 3,870,587 vehicles in China in 2016, which was an increase of 7.1% from the previous high in 2015. For all of 2016, Ford Motor Co. sales totaled a best-ever 1.27 million vehicles, 14% higher than 2015. (more…)

Ford Tracking to Sell 1 Million Cars in China

Lincoln beats 2015's sales total in the first half the year.

by on Jul.08, 2016

Ford sales are up 5% in China in the first half of the year due to the popularity of its SUVs and crossovers, like the new Edge.

Ford Motor Co.’s sales in China could surpass 1 million units this year, marking the first time that will happen.

Vehicle sales for Ford and its joint ventures in the first half were up 5% over last year to 564,647, with June accounting for 85,105 units sold. June results were 3% higher than June 2015.

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“We continue to see solid growth in China during the first half,” said Dave Schoch, Ford Motor Co. group vice president and president of Asia Pacific. “Even as the pace of growth slows and the market matures, customers continue to respond well to our products, particularly our world-class SUV line-up.” (more…)

Ford, GM Report Better-Than-Expected March Sales in China

Ford sales increase while GM posts small drop as SUV sales reign supreme.

by on Apr.08, 2016

Sport-utes continue to be the savior of sales in China for General Motors and Ford.

General Motors and Ford Motor Co. succeeded in holding their ground or growing sales in China in the face of some major headwinds with help of strong showings by their luxury brands, Cadillac and Lincoln.

Ford reported 2016 as first quarter sales in China increased 14% compared to the same period last year, with 314,454 vehicles sold. Sales of Ford-branded vehicles reached 114,788 in March, up 5% compared with March 2015.

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Lincoln has also had a strong start to the year with 5,484 vehicles sold in the first quarter, a three-fold increase compared with 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 officials noted. (more…)

GM, Ford Nissan All Take Sales Hits in China

Expectations low for industry’s August sales.

by on Sep.08, 2015

GM is hoping the Buick Envision will help its sales in China rebound in the second half of 2015.

Automakers are slogging through a tough auto market in China in 2015. General Motors, Ford and Nissan all posted losses in August on what is expected to be another down month overall.

GM was the most recent maker to take a hit, seeing sales drop 4.8% despite the introduction of a new SUV for its budget Baojun brand. Sport-ute sales have been hot in 2015, but GM’s new model wasn’t hot enough to offset losses in other areas.

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However, the maker’s sales through August were up slightly: 2.3%. The increase was driven by successful new product launches and an improved mix of SUVs and MPVs. (more…)

Ford Sales in China Dip 6 Percent in July

Automaker hit by the same forces as competitors seeing declines.

by on Aug.07, 2015

Ford sales in China were down 6% in July. The maker's results mirror those of its competition.

Ford Motor Co. and its Chinese joint ventures reported a 6% sales decline compared with year-ago results, the U.S. carmaker said, reinforcing the growing evidence of a slowdown in demand for new vehicles in what has become the world’s largest car market.

General Motors, Volkswagen, Toyota, Hyundai and BMW have all reported that sales dropped across China during July even as manufacturers were forced to deploy price cuts and other incentives to hold on to business. So far only, Mercedes-Benz, which for the past two years has been aggressively shoring up its position, reported a modest increase in sales.

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GM has insisted it will be able to maintain strong profit margin on vehicles sold in China despite the spread of discounting but BMW executive have acknowledged the downturn in the Chinese market will have an impact on the company’s finances. (more…)