Ford Announces March, Q1 2017 Sales Results in China
Ford released its March and first quarter sales in China this week, revealing that the automaker and its joint ventures totaled 255,261 vehicles three months into the year but have seen a 19% decline in overall sales to date.
Ford’s sales in March totaled 90,457 vehicles, down 21% year-over-year. Changan Ford Automobile (CAF) sales were down 30% at 59,212 vehicles delivered, Jiangling Motor Corporation (JMC) sales were up 3% at 29,734 vehicles sold, and import sales increased 1% with 1,511 vehicles sold. The automaker was led in March by the Everest (up 53%), Taurus (up 14%), and Focus ST and RS (up 57%).
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“We continue to see strong demand from Chinese customers for our premium Taurus large sedan, Edge and Everest SUVs, and performance vehicles in the first quarter,” said Peter Fleet, Vice President, Marketing, Sales and Service, Asia Pacific, Ford Motor Company. “We are pleased with the momentum that Lincoln continues to make in China, as evidenced by its outstanding performance in the first quarter.”
Lincoln sales in the first quarter more than doubled from 2016, totaling 11,731 vehicles overall and increasing 114% year-over-year. Through the first quarter, JMC’s sales are up 17% at 70,777 units delivered, CAF sales are down 31% at 168,070 vehicles delivered, and import sales are up 10% at 4,683 vehicles delivered. Ford attributes first quarter declines to “the weaker retail industry after the reduction in the purchase tax incentive and customer pull-ahead of purchases in December before the change in the tax incentive.”