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Ford China sees fourth quarter of growth starting in 2021 | Automotive Industry News

Ford China’s first-quarter sales increased 73.3% to 153,822 units, along with riders whose COVID-19 pandemic lockdown was launched domestically in the first quarter of 2020.

Nonetheless, it was the fourth consecutive quarter of growth for the country’s automakers, which claimed that Ford and Lincoln brand car sales outperformed the industry in the first quarter.

In each business division, passenger cars sold by NDSD (National Distribution Service Division) accounted for 46.3% (49,300 units), Lincoln 217%, and commercial vehicle JV JMC 77.1%, showing year-on-year growth. Ford brand SUV sales increased 103.4% to 34,000 units and transit commercial vehicle sales increased 73.8% to 12,000 units.

Anningchen, President and Chief Executive Officer of Ford China, said:

“We intend to fully enhance these four consecutive quarters of sales growth to meet rising consumer demand in China.”

In Taiwan, Ford Rio Ho sold about 7,800 units in the first quarter, an increase of 59.5%. This was driven by the “strong” sales of Cougar and Focus.

Ford China plans to launch a locally produced Mustang Mach-E electric SUV line later this year.



Ford China sees fourth quarter of growth starting in 2021 | Automotive Industry News

Source link Ford China sees fourth quarter of growth starting in 2021 | Automotive Industry News

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