Boston, MA 10/11/2013 (wallstreetpr) – Ford Motor Company (NYSE:F), a key player in the automobile industry, witnessed a jump of 51% YoY sales of wholesale units in China to 647,849 vehicles. I believe that such robust growth is attributed to the strong demand for Ford’s new product which has been linedup in China. For the month of September 2013, sales increased by 61% to 961,111 units against 59,570 units sold in September 2012.
F’s strong sales in the Chinese economy demonstrates the company’s continuous progress to achieve strategy in China. I believe that by adding new products, or modifications of existing product lines, reaching out to the maximum dealer, and increasing product capacity will help the company to post a healthy number and post higher revenue in coming years. After witnessing such a healthy growth, F is poised to capture 5 % of Chinese vehicle sales in the last quarter of 2013, which is double its share in 2011 i.e. 2.5%.
Besides, seeing a strong volume in the Chinese market for the F product, the company also delivered the best volume in the US market since September 2006. F sales in the US market grew 6% YoY to 185,146 for the month of September 2013, surpassing the industry growth rate and also outpacing the company’s previous targets. F, for last consecutive 11 months, is witnessing year-on-year sales increases in the U.S. I believe that such a consecutive high growth can only be attributed to the company new products, effective quality, and by giving the best driving experience to the end users.
Of the total product basket, a major portion that contributed to the growth of the company’s total sales volume is coming from Fusion and Fiesta. Ford Fusion sales for the last month stood at 19,972 units, up 62% YoY. Year to date fusion sales is experiencing the strongest rate of growth in the west, which is up 59% and 29% in southeast. On the other side, Fiesta sales volume was also up 29% YoY indicating best ever performance in these segments, for the first nine month of the fiscal company Fiesta volume growth stood at 41% YoY.
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