Strong sales of
Ford Motor Co.
) in China continued in the first month of 2014, with record
January sales of 94,466 wholesale vehicles. This amounts to a 53%
year-over-year growth compared to 61,567 units sold in Jan
Sales of passenger cars, including imported cars, surged 63%
to 72,598 units for Ford China. In comparison, passenger car
sales in Jan 2013 amounted to 44,439 vehicles.
Ford Focus, which was Ford's bestseller in China in 2013,
remained the best-selling vehicle in Jan 2014 as well. The car
recorded an 8% increase in sales to 36,385 units from 33,632
units in Jan 2013. Moreover, the car was the best-selling
nameplate in the Chinese passenger vehicle market in 2013, as per
Ford Focus scores high on technology, design, safety and fuel
economy. On Feb 11, Ford revealed that the 2014 Ford Focus
received a five-star overall vehicle score in the National
Highway Traffic Safety Administration's (NHTSA) New Car
Assessment Program. The rating was given to its sedan, hatchback
as well as electric versions.
Apart from Focus, Ford Mondeo also remained popular in China.
The car's sales grew 51% to 10,704 units in Jan 2014 from 7,068
vehicles in Jan 2013.
Meanwhile, Ford's passenger car joint venture, Changan Ford
Automobile (CAF) witnessed a 62% increase in wholesale vehicle
sales in Jan 2014 to 70,038 units, compared with 43,269 units in
Further, Ford's commercial vehicle investment in China,
Jiangling Motors Corporation (JMC), sold 21,868 wholesale
vehicles in Jan 2014. Sales surged 28% from 17,136 vehicles in
Ford set a new sales record in China in 2013 with annual sales
of 935,813 wholesale vehicles. This translates into a 49% surge
from 626,616 vehicles sold in 2012.
Ford is one of the largest automobile producers in the world
General Motors Company
Toyota Motor Corporation
Honda Motor Co., Ltd.
). Currently, Ford holds a Zacks Rank #5 (Strong Sell).
FORD MOTOR CO (F): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis
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