Market Overview

Ford Delivers Record October in China; Mustang, Explorer, New Edge and Small Sedans Drive Up 14%

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SHANGHAI--(BUSINESS WIRE)--

Ford and its joint ventures in China continued to build momentum in China, posting record October sales of 107,618 vehicles, up 14 percent compared to October 2015.

Year-to-date sales for Ford, Changan Ford and Jiangling Motor Corporation total 966,000 vehicles, up 10 percent.

"We had a strong October and we are headed for our best year ever for sales in China," said Peter Fleet, vice president of Marketing, Sales and Service, Asia Pacific. "We are seeing the benefits of a much more exciting lineup and an ever stronger focus on the wants and needs of Chinese customers."

Monthly sales for CAF, Ford's passenger car joint venture, totaled 82,368 vehicles, up 10 percent compared to October 2015. So far in 2016 CAF has sold 745,650 vehicles, up 14 percent compared to last year.

Sales of the iconic Ford Mustang remained strong in October, up 60 percent compared to October 2015. Ford's SUVs also continue to perform well. Ford Edge sales rose 93 percent in the month while Explorer sales rose 30 percent.

Small sedans also continue to be a bright spot for Ford, with sales of the Ford Focus up 15 percent and sales of the Ford Escort up 34 percent.

JMC, Ford's commercial vehicle investment in China also saw a strong October, selling 23,949 vehicles, a 29-percent increase compared to October 2015. Year-to-date sales accelerated past the 200,000 mark, up 3 percent compared to the same time last year.

Ford Motor Company China Retail Sales Performance

       
    October 2016  

January –
October 2016

 

October 2015

 

January –
October 2015

CAF   82,368   745,650   74,820   654,919
Imported Ford Vehicles   1,301   13,953   1,295   22,794
JMC   23,949   206,578   18,632   201,124

Total China

  107,618   966,181   94,747  

878,837

Editor's note: Ford reports retail figures in China. JMC figures exclude export sales. Lincoln sales in China are reported on a quarterly basis.

About Ford Motor Company

Ford Motor Company is a global automotive and mobility company based in Dearborn, Michigan. With about 203,000 employees and 62 plants worldwide, the company's core business includes designing, manufacturing, marketing and servicing a full line of Ford cars, trucks and SUVs, as well as Lincoln luxury vehicles. To expand its business model, Ford is aggressively pursuing emerging opportunities with investments in electrification, autonomy and mobility. Ford provides financial services through Ford Motor Credit Company.

For more information regarding Ford and its products and services, please 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.

Ford Motor Company
Jonathan Mao, + 86 21 2032 2202
ymao5@ford.com
or
Mary Katherine Lim, +86 21 2032 2631
msmi1108@ford.com

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