Ford Motor Company (NYSE:F) Halts Its Decline

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Last week, the stock of Ford Motor Company (NYSE:F) started strong but failed to hold those gains as the days passed by and week closed. In the last trading session, the stock managed to record gains of around 0.70% to close the week at $11.26. Recently, the company reported that it sales in China exceeded 100,000 vehicles in the last month, up 15% compared to the same period in 2016.

The details

For Q2 2017, Ford Motor sold over 282,000 vehicles, up 7% compared to Q2 2016. Year-to-date sales in China came around 540,000 units, a 7% drop compared to the same period in 2016. Monthly sales for CAF totaled over 70,000 vehicles, up 9% over the same month in 2016. This was an all-time high sales record in June for the company.

Ford Motor reported that CAF sales so far in this year is around 360,000 vehicles, down 17% compared to the same period in 2016. Jiangling Motor Corporation sold over 24,000 vehicles, a 27% jump compared to the same month last year. This was its best ever monthly and second quarter sales.

Year-to-date sales for Jiangling Motor Corporation totaled over 140,000 vehicles, up 18% compared to the same period in 2016. Lincoln sold almost 4,200 vehicles in the last month, an 84% jump compared to June 2016. It was also Lincoln’s top June sales and quarterly sales.

Lincoln year-to-date sales came at around 25,000 vehicles, almost doubling the count of vehicles offered in the same period in the last year. Ford sedans continue to get Chinese consumers in June, with sales of Mondeo, Taurus, Escort and Focus, collectively up 17% compared to June 2016. The company imported vehicles surged 29% YoY, with strong sales of Mustang and Explorer. Sales of Lincoln SUVs came strong, with over 1,400 MKC vehicles sold last month, up 30% year over year.

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