Ford Motor Company (F) Races Forward in China

Page 1 of 2

Ford Motor Company (NYSE:F) has been spending big bucks to expand its lineup in China, and recent sales results suggest that Chinese consumers are liking what they’re seeing: The Blue Oval’s sales through the first two months of 2013 were up 46% over year-ago totals.

That’s huge. How huge? It trounced market leader General Motors Company (NYSE:GM)7.9% gain over the same two months – itself a good result for a period in which sales at rivals Toyota Motor Corporation (ADR) (NYSE:TM) and Honda Motor Co Ltd (ADR) (NYSE:HMC) actually declined.

More to the point, it’s proof that Ford’s product strategy is playing quite well in China – and that bodes very well for the Blue Oval’s ongoing expansion plans.

Ford Motor Company (NYSE:F)Big gains in a sluggish market
While most automakers report monthly sales results in the areas in which they do business, automakers doing business in China generally present their January and February results as a combined number. That’s because Chinese New Year, a week-long holiday celebration, sometimes falls in January (like in 2012) and sometimes in February (as it did this year) – making year-over-year monthly comparisons complicated.

But this year, despite losing a week of sales to the holiday, Ford Motor Company (NYSE:F)’s Chinese operation still posted a sales gain of 7% in February that looks even better when you dig into the details.

Ford Motor Company (NYSE:F) operates two separate joint ventures in China: Changan Ford Automobile, which produces familiar global Ford cars like the Focus, and a joint venture with Chinese truckmaker Jiangling Motors that produces Ford-branded commercial and government vehicles based on Ford’s Transit and E350 vans.

Of those two, Changan Ford Motor Company (NYSE:F) is the more significant operation, outselling the truck venture by more than two to one. And its sales have been rising sharply lately – up 39% in February alone — as Ford Motor Company (NYSE:F) brings more of its well-regarded global products to the Middle Kingdom.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!