The Chinese market may be showing signs of cooling, but that didn't slow Ford's performance in the world's largest auto market last month. Ford announced on Wednesday that it set a new September record for Chinese sales last month.
Ford China's total vehicle sales climbed 35 percent to 59,570 units last month. Passenger cars accounted for 44,102 units of that total, marking a 54 percent improvement and setting a new company record.
“Achieving record sales makes us more committed than ever to provide consumers with a full family of high quality, fuel-efficient, safe and smart vehicles that they want and value,” said Dave Schoch, Chairman and CEO of Ford Motor China. “The overwhelming response from our customers reinforces our aggressive expansion in China, and is so gratifying for the dedicated and hard working men and women at Ford and our partners. The market is increasingly competitive, and we continue building on a solid foundation for future growth over the long-term.”
Through the first nine months of the year Ford China's sales are up 11 percent to 428,083 units.
Although a welcome boost to the company's bottom line, Ford still lags cross-town rival GM in total China sales. In fact, Ford's 59,570 monthly sales represents less than a quarter of GM's 244,000 September sales. For the year, Ford trails GM by 1,653,729 sales.