Ford's Q1 China vehicle sales down 35% as coronavirus hits demand

Sales of Ford's larger U.S. rival, General Motors Co, dropped 43.3% in China in the first quarter.
By : Reuters
| Updated on: 16 Apr 2020, 15:48 PM
File Photo: The front grill logo of a Ford pickup truck. (REUTERS)
File Photo: The front grill logo of a Ford pickup truck. (REUTERS)
File Photo: The front grill logo of a Ford pickup truck. (REUTERS)
File Photo: The front grill logo of a Ford pickup truck.

Ford Motor Co said on Thursday that its China vehicle sales in the first three months this year fell 34.9% from a year earlier to 88,770 units, as the novel coronavirus epidemic hit demand in the world's biggest auto market.

The Dearborn, Michigan-based company said, however, all its dealers in China had resumed work and its sales in March had returned to 75% of the same period last year.

(Also read: Ford is testing buzzing wristbands to keep workers apart)

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In China, Ford makes cars through Jiangling Motors Corp Ltd (JMC), in which it has a stake, and a joint venture with Chongqing Changan Automobile Co Ltd.

Ford has been trying to revive sales in China after its business began slumping in late 2017. Sales sank 26% in 2019, after a 37% drop in 2018. In 2017, its China sales fell 6% from a year earlier.

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(Also read: Ford is using airbag material to make reusable hospital gowns to fight Covid-19)

China's auto sales dropped 8% in 2019 and are expected to fall more than 5% this year. Overall auto sales slumped 42.4% in the first quarter.

Sales of Ford's larger U.S. rival, General Motors Co, dropped 43.3% in China in the first quarter.

First Published Date: 16 Apr 2020, 15:48 PM IST
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