Sales of Ford Motor Co. (NYSE: F) vehicles in China totaled 88,248 units, according to a company announcement made early Wednesday morning. That represents a drop of 2.5% year over year for the month. In May 2015 Ford sold 90,553 units in China.
Total year-to-date sales are 5% higher than they were in 2015 and year-to-date sales of Ford’s passenger car joint venture, Changan Ford Automobile (CAF), are up 11% year over year.
May sales in the United States totaled 235,997 units, a decline of 6%, even as sales of the F-Series pickups rose 9% year over year for the month.
Sales at CAF totaled 67,055 in May, matching the company’s best for the month posted last year,. Total CAF sales have reached 370,268 for the first five months of 2016.
Commercial sales through Ford’s Chinese partner Jiangling Motors Corp. were down 4% in the month to 19,692 units. Year-to-date sales have fallen 9% to 102,163 units. Ford said the total was “generally in-line with the traditional commercial vehicle market.”
The company especially noted 8,500 sales of the compact SUV Edge and sales of the new Taurus which totaled nearly 2,500 in the month of May.
Ford sold more than 1 million vehicles in China last year, a year-over-year increase of 3%. The new-car market in China has slowed down somewhat as the country’s economy has slowed.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
