F Ford Motor Company

• Ford and its joint ventures in China sold 88,432 vehicles in January
• Changan Ford Automobile sold 66,163 vehicles
• Jiangling Motor Corporation sold 20,249 vehicles

Ford and its joint ventures in China sold more than 88,000 vehicles in January with the Edge SUV and Mustang recording all-time record months.

Total sales for Ford, including JVs Changan Ford Automobile and Jiangling Motor Corporation, were down 32 percent versus January 2016. The overall results were adversely affected by two factors:

• Many Chinese buyers pulled ahead the purchase of vehicles late last year to take advantage of a tax break on vehicles with smaller displacement engines, which was halved on Jan. 1.
• January had five fewer selling days this year versus last year due to the timing of the Chinese New Year.

“January was an unusual month with the earlier timing of the Chinese New Year holiday and the impact of the reduced tax incentive,” said Peter Fleet, vice president, Marketing, Sales and Service. “Sales of vehicles not affected by the tax incentive were strong. In fact, the Edge, Explorer and Mustang all saw an increase over a year ago despite the fewer selling days. So the underlying market conditions and customer demand for our exciting new products remains strong.”

Ford’s performance family continues to gain popularity with sports car enthusiasts as sales of the Ford Mustang more than doubled, setting another best-ever monthly sales record, and Focus ST and RS sales increased 64 percent compared to January 2016.

Monthly sales for Changan Ford Automobile, Ford’s passenger car joint venture in China, totaled more than 66,000 vehicles, down 41 percent compared to the same time last year.

Jiangling Motor Corporation, Ford's other joint venture in China, saw a strong January, selling more than 20,000 vehicles, a 17 percent increase compared to January 2016.

Ford Motor Company China Retail Sales Performance

              January 2017   January 2016 CAF   66,163   111,856 Imported Vehicles   2,020   1,721 JMC   20,249   17,255

Total China

  88,432  

130,832

   

Editor’s note: Ford reports retail figures in China. JMC figures exclude export sales. Lincoln sales in China are reported on a quarterly basis.

About Ford Motor Company

Ford Motor Company is a global automotive and mobility company based in Dearborn, Michigan. With about 201,000 employees and 62 plants worldwide, the company’s core business includes designing, manufacturing, marketing and servicing 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 mobility. Ford provides financial services through Ford Motor Credit Company.

Ford’s wholly owned subsidiaries, joint ventures and investment in China include Ford Motor (China) Limited, Ford Motor Research & Engineering (Nanjing) Co., Ltd., Ford Automotive Finance (China) Ltd., Changan Ford Automobile Co., Ltd., Changan Ford Mazda Engine Co., Ltd. and Jiangling Motors Co., Ltd.

For more information regarding Ford’s products, please visit http://corporate.ford.com and www.ford.com.cn.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170208006395/en/

Ford Motor CompanyJonathan Mao, + 86 21 2032 2202ymao5@ford.comorMary Katherine Lim, +86 21 2032 2631msmi1108@ford.com