By Drew Johnson
Tuesday, Aug 14th, 2007 @ 11:12 am

Ford announced in a statement today that the company has seen a strong sales increase in China during the first 7 months of the year. Ford’s China retail sales have increased 29% over the first 7 months of 2007, beating the 23.73% growth average for the overall market. Sales of Ford, Lincoln , Volvo , Jaguar and Land Rover vehicles totaled 94,064 units through the first 7 months.
China, the second biggest car market, trailing only the U.S., is proving to be a key market for domestic automakers’ financial turnaround. China’s automobile sales are expected to hit 8.3 million this year, a 17% increase over last year, but is only about half of the 17 million sales expected in the United States. However, according to Automotive News, China is narrowing the gap by 20% annually. At this pace, China should overtake the U.S. as the largest car market in 2015.

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