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Automobile industry

Ford Motor Co. and General Motors Post Strong Sales in China

Strategic Insights

— 2 min read

Ford Motor Co. (F) revealed that its sales in China grew 35% during November, surpassing its 24.3% sales growth in the U.S. The automaker sold 56,829 vehicles in China compared to 147,338 vehicles in the U.S. Meanwhile, Ford's sales soared 39% to 525,100 vehicles in the first 11 months of the year. Its midsized car lineups, including Fiesta and Focus, boosted sales in China. Changan Ford Mazda Automobile, Ford's passenger vehicle joint venture in China, posted a 31% gain in sales during the first 11 months of 2010. On the other hand, sales at Jiangling Motors Corporation - the automaker's commercial vehicle venture in the country - shot up 59% during the same period.

In contrast, General Motors (GM) posted an 11% gain in sales to 196,990 vehicles, driven by strong demand for its Buick and Chevrolet lineups. The automaker's sales appreciated 32.7% on a year-over-year basis in the first 11 months of the year. Government incentives for more environment-friendly and fuel-efficient cars and minivans also fueled sales growth in the Chinese auto industry.

Key Takeaways:

  • Ford Motor Co. (F) reported a 35% increase in sales in China during November, outpacing its sales growth in the U.S. at 24.3%.
  • Ford's sales in China rose 39% to 525,100 vehicles in the first 11 months of the year, driven by strong sales of its midsized car lineups, including Fiesta and Focus.
  • Changan Ford Mazda Automobile, Ford's passenger vehicle joint venture in China, posted a 31% gain in sales during the first 11 months of 2010.
  • Sales at Jiangling Motors Corporation, the automaker's commercial vehicle venture in China, increased 59% during the same period.
  • General Motors (GM) posted an 11% gain in sales to 196,990 vehicles in November, driven by strong demand for its Buick and Chevrolet lineups.
  • GM's sales appreciated 32.7% on a year-over-year basis in the first 11 months of the year.

Statistics:

  • Ford's sales in China grew 35% during November, surpassing its U.S. sales growth at 24.3%.
  • Ford's sales in the first 11 months of the year rose 39% to 525,100 vehicles in China.
  • Sales at Changan Ford Mazda Automobile, Ford's passenger vehicle joint venture in China, increased 31% during the first 11 months of 2010.
  • Sales at Jiangling Motors Corporation, the automaker's commercial vehicle venture in China, rose 59% during the same period.
  • General Motors' sales in November gained 11% to 196,990 vehicles, driven by strong demand for its Buick and Chevrolet lineups.
  • GM's sales appreciated 32.7% on a year-over-year basis in the first 11 months of the year.

Sources:

  • "Ford Selling More Cars in China" on Zacks.com Analyst Blog, date unspecified
  • "American Tower to Outperform" on Zacks.com Analyst Blog, date unspecified
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