Ford's 2017 deliveries slide on weak passenger vehicle demand
Automotive News China
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2018/1/12
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Ford Motor Co.'s sales in China declined 6.3 percent year on year to 1,192,625 vehicles in 2017 as demand weakened for locally built Ford-badged passenger vehicles. In December, Ford Motor’s China sales fell 9.1 percent from the year-earlier month to 140,103 vehicles.
Last year, deliveries of Changan Ford Automobile Co., Ford’s passenger vehicle joint venture, fell 14 percent from a year earlier to 826,740 vehicles. Changan Ford produces Ford-badged sedans, crossovers, SUVs and multipurpose vehicles.
Changan Ford’s slump offset gains by Ford Motor’s other business units in China.
During the year, deliveries of Jiangling Motor Corp., Ford’s commercial vehicle partnership, rose 11 percent to 292,942 vehicles. Jiangling Motor builds commercial vans, SUVs, MPVs and JMC-badged trucks.
Sales of the Lincoln luxury brand surged 66 percent to 54,124 vehicles and deliveries of imported Ford vehicles increased 6.9 percent to 18,819.
In December, Changan Ford’s sales tumbled 12 percent from the year-earlier month to 102,219 vehicles; Jiangling Motor’s deliveries fell 5.8 percent to 30,322; Lincoln sales jumped 41 percent to 6,030; and import deliveries slid 24 percent to 1,532.
To reinvigorate sales, Ford plans to introduce 50 new and upgraded models including 15 electric vehicles in China by 2025.
In December, Ford Motor inked a deal with Alibaba Group Holding to sell vehicles via the Chinese e-commerce giant’s online retail platform Tmall.
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