Ford Motor Company (NYSE:F): Reported Strong Sales In China


Dallas, Texas 05/09/2014 (FINANCIALSTRENDS) – Ford Motor Company (NYSE:F) reported sale of 96,829 wholesale vehicles in China during April 2014, suggesting an increase of 29% from 75,315 units sold in April 2013. Year to date performance now reached to sales of 368,150 vehicles as compared to 261,859 vehicles during the same period last year. This 41% increase in year to date performance is certainly attributable to strong April performance.

President of Ford China, John Lawler expressed, “We are gratified that customers continue to respond to the world-class Ford cars and utilities that we are offering in China. Together with our dealer partners, we are committed to continuing to serve our customers with the vehicles that best deliver quality, safety, fuel efficiency and smart technology.”

Sales Figures:

Ford Motor Company (NYSE:F) reported April sales of imported Ford vehicles at 3,251 vehicles, up 72% as compared to April 2013. The imported vehicles include Ford Fiesta ST, Ford Edge, Ford Explorer and Ford Focus ST. Year to date sales increased almost 202% to 12,249 vehicles compared to the same period last year.

Ford’s passenger car joint venture, Changan Ford Automobile reported 29% year over year increase with sales of 68,119 vehicles in April 2014 and 46% year to date increase with sales reaching 263,317 vehicles compared to the same period last year.

Sales of the Ford Mondeo increased 415% year over year with 10,476 Mondeo vehicles sold during April 2014. Year to date sales also increased 125% with number reaching 39,287 vehicles compared to the same period last year. The Ford Focus reported 11% sales growth and the Ford Kuga reported 16% sales growth in April 2014 compared to April 2013.

Stock Update:

Ford Motor Company (NYSE:F)’s stock yesterday closed at $15.81, gaining 2.26% from its previous close. The volume was comparatively higher at 36.79 million shares changing hands as compared to average 30 day volume of 30.47 million shares.