The FINANCIAL — Ford and its joint ventures in China continued to build momentum in China, posting record October sales of 107,618 vehicles, up 14 percent compared to October 2015.
Year-to-date sales for Ford, Changan Ford and Jiangling Motor Corporation total 966,000 vehicles, up 10 percent.
“We had a strong October and we are headed for our best year ever for sales in China,” said Peter Fleet, vice president of Marketing, Sales and Service, Asia Pacific. “We are seeing the benefits of a much more exciting lineup and an ever stronger focus on the wants and needs of Chinese customers.”
Monthly sales for CAF, Ford’s passenger car joint venture, totaled 82,368 vehicles, up 10 percent compared to October 2015. So far in 2016 CAF has sold 745,650 vehicles, up 14 percent compared to last year, according to Ford.
Sales of the iconic Ford Mustang remained strong in October, up 60 percent compared to October 2015. Ford’s SUVs also continue to perform well. Ford Edge sales rose 93 percent in the month while Explorer sales rose 30 percent.
Small sedans also continue to be a bright spot for Ford, with sales of the Ford Focus up 15 percent and sales of the Ford Escort up 34 percent.
JMC, Ford’s commercial vehicle investment in China also saw a strong October, selling 23,949 vehicles, a 29-percent increase compared to October 2015. Year-to-date sales accelerated past the 200,000 mark, up 3 percent compared to the same time last year.
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