Ford’s China Sales Slip 2.5% in May
Sales of Ford Motor Co. (NYSE: F) vehicles in China totaled 88,248 units, according to a company announcement made early Wednesday morning. That represents a drop of 2.5% year over year for the month. In May 2015 Ford sold 90,553…
Sales of Ford Motor Co. (NYSE: F) vehicles in China totaled 88,248 units, according to a company announcement made early Wednesday morning. That represents a drop of 2.5% year over year for the month. In May 2015 Ford sold 90,553 units in China.
Total year-to-date sales are 5% higher than they were in 2015 and year-to-date sales of Ford’s passenger car joint venture, Changan Ford Automobile (CAF), are up 11% year over year.
May sales in the United States totaled 235,997 units, a decline of 6%, even as sales of the F-Series pickups rose 9% year over year for the month.
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Sales at CAF totaled 67,055 in May, matching the company’s best for the month posted last year,. Total CAF sales have reached 370,268 for the first five months of 2016.
Commercial sales through Ford’s Chinese partner Jiangling Motors Corp. were down 4% in the month to 19,692 units. Year-to-date sales have fallen 9% to 102,163 units. Ford said the total was “generally in-line with the traditional commercial vehicle market.”
The company especially noted 8,500 sales of the compact SUV Edge and sales of the new Taurus which totaled nearly 2,500 in the month of May.
Ford sold more than 1 million vehicles in China last year, a year-over-year increase of 3%. The new-car market in China has slowed down somewhat as the country’s economy has slowed.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
