Ford Motor Company's wholly-owned brands in China (Ford, Lincoln, Volvo, Jaguar and Land Rover) posted total retail sales of 42,746 unitsin the first quarter of 2007, a 16.4 percent growth over the same period of 2006.
Ford brand vehicles, both imported and domestically produced, passenger and commercial purpose, grew 15.1% to 38,576 units.
Ford Motor's passenger car joint venture, Changan Ford Mazda Automobile Co., Ltd., reported a 40.8 percent year-on-year sales growth to reach 38,908 units.
Luxury brands of Volvo, Jaguar and Land Rover retail sales grew 29.8% percent for the first 3 months, to 4,061 units.
Introduction of new products including S-MAX and the 2007 Ford Focus, and the rapid development of auto financing business strongly support the sales growth in the first quarter of 2007.
SHANGHAI, April 11, 2007 - Ford Motor Company in China has successfully maintained sales momentum in the first quarter of 2007, with 42,746 vehicles sold (under Ford, Lincoln, Volvo, Jaguar and Land Rover brands) and 16.4% growth over the volume of same period in 2006, above the average growth rate of the auto industry. By combining sound business strategy, state-of-the-art technology, attractive design and excellent products together, Ford Motor China is progressing steadily towards the goal of being a top tier auto player in China.
"With the quick introduction of S-MAX into China shortly after its world debut, and the launch of the refreshed 2007 Ford Focus, Ford Motor China accelerated the tempo of introducing new and upgraded products in last quarter," said Mei-Wei Cheng, chairman and CEO of Ford Motor (China) Ltd. "The all new Ford S-MAX adds to the lineup of Ford products in China, making it more versatile and interesting. The refreshed 2007 Ford Focus extends its popularity in the China C-car segment. Both of these demonstrate Ford's determination of its Chinese prominence in near future."
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