Ford Motor Co. posted a 20-percent jump in sales in China to 1,007,425 vehicles in the first 11 months of 2014. This marks the first time that Ford topped 1 million vehicles sales in China, and accomplished with one more month to go.
John Lawler, chief executive of Ford Motor China, said in a statement that selling more than a million vehicles is a significant milestone for Ford in China, adding that it demonstrates the “appeal of [the carmaker’s” portfolio of high-quality, safe, fuel-efficient and smart vehicles.”
He said that Ford is expecting further growth as it expands its production capacity and launch new vehicles in the country. to serve our Chinese customers. Leading Ford’s charge in China is its Mondeo midsize car, which has logged an 83-percent jump in sales so far this year.
It is being sold via its passenger-car joint venture, Changan Ford, which itself has seen its volume grow 20 percent in the first 11 months of this year to 729,711 units. Sales by Jiangling Motors Corp., Ford’s commercial-vehicle investment in China, climbed 17 percent in the 11-month period to 245,066 units.
On the other hand Ford saw sales of imported vehicles – like the Explorer, Edge, Focus ST and Fiesta ST – gain 49 percent in the January-November period to 32,648 units. Ford currently holds less than 5-percent share of the Chinese auto market, and is investing billions of dollars and launching new and redesigned vehicles to hike it.
The US carmaker is intending to start sales of the Everest seven-seat SUV in 2015 and is getting ready to roll out a revised Escort, Taurus and three-row version of the Edge. The carmaker launched its Lincoln luxury brand in China this year, with a target to sell 150,000 vehicles annually by the end of the decade.