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Ford sold 88.432 vehicles in China in January; Edge, Mustang Best-ever monthly sales record.
Ford and its joint ventures in China sold 88.432 vehicles in January.
SHANGHAI - BUSINESS WIRE --Feb 9, 2017-- Ford and its joint ventures in China sold over 88,000 vehicles in January with the SUV Edge and Mustang recording all time record month.
Total sales of Ford, including Changan Ford Automobile and Jiangling Motors Corporation JVs were down 32 percent compared to January 2016, the overall results were negatively affected by two factors.
Many Chinese buyers shot before the purchase of vehicles last year to benefit from tax relief on vehicles with smaller engine displacement, which was halved January 1st
January had five fewer days of sales this year compared to last year due to the timing of the Chinese New Year.
January was an unusual month with the Feast of the early Chinese New Year and the impact of reduced tax incentive, said.
Vice President, Marketing, Sales and Service not covered by the tax incentive vehicles was strong In fact, Edge, Explorer and Mustang all saw an increase from a year ago despite fewer selling days thus, the underlying market conditions and customer demand new products remains strong.
The family of Ford's performance continues to gain popularity among sports car enthusiasts as sales of the Ford Mustang has more than doubled, a new ever monthly sales record, and Focus ST and RS sales increased 64 percent compared to January 2016.
Monthly sales for Changan Ford Automobile, Ford joint venture passenger cars in China totaled more than 66,000 vehicles, down 41 percent compared to the same period last year.
Jiangling Motors Corporation other Ford joint venture in China experienced strong January, selling more than 20,000 vehicles, an increase of 17 percent compared to January 2016.
Note Ford editor refers retail figures in China JMC figures exclude export sales of Lincoln sales in China are presented on a quarterly basis.
Ford Motor Company is a global automotive and mobility based in Dearborn, Mich. With about 201,000 employees and 62 plants worldwide, the main business of the company includes the design, manufacture, marketing and maintenance of 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 Ford mobility provides financial services through Ford Motor Credit Company.
Ford wholly-owned subsidiaries, joint ventures and investment in China include Ford Motor China Limited Engineering Research Ford Motor Co Ltd. Nanjing Automobile Ford Finance Ltd China Changan Ford Automobile Co Ltd. Changan Ford Mazda Engine Co. Ltd. and Jiangling Motors Co Ltd.
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