Car manufacturer Ford are enjoying a 14 percent rise in their yearly sales following record increases in demand from China.
The company sold 60,518 vehicles in October to the Chinese market, a 48 percent increase compared to October 2011. This growth has been led by strong sales of the Ford Focus, which has remained the best selling passenger car in China for the last three months.
Sales in the China, the world's biggest auto market rose 6.4 percent to 1.3 million vehicles in October, according to the government-sanctioned China Association of Automobile Manufacturers. That was a recovery from September's 0.3 percent contraction — the first monthly decline this year.
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"Together with our partners, we are delighted the Ford Focus has been the best-selling nameplate in China,” said Dave Schoch, chairman and CEO of Ford China. “Our aggressive expansion across China is entirely focused on delivering a full family of high quality, fuel efficient, safe and fun to drive cars and trucks that customers really want. We’re doubling our production and retail capacity in China, and in the next few months we’re launching two vehicles in the fast-growing SUV segment – the all new Kuga and EcoSport SUVs. It’s a great time to be at Ford in China and Asia Pacific.”
Demand for Ford passenger cars—which include vehicles produced at Changan Ford Mazda Automobile Ltd. (CFMA) and imported Ford Edge SUVs—continue to grow, up 66 percent in October with 44,489 wholesale cars sold.
Ford’s passenger car joint venture in China CFMA also had a record October. CFMA sold 43,555 wholesale Ford-brand cars in October, up 65 percent compared to October 2011 and 22 percent for the year.