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4-Traders Homepage  >  Equities  >  Nyse  >  Ford Motor Company    F

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Ford Motor Company : Ford China Posts Record October Sales, 93,969 Units Sold, Up 55%

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11/06/2013 | 04:32pm CET


  • Ford China October sales reach 93,969 wholesales, up 55%; year-to-date sales reach 741,818 wholesales, up 52%
  • CAF October sales reach 70,173 wholesales, up 61%; year-to-date sales reach 536,421 wholesales, up 68%
  • JMC October sales reach 21,724, up 36%; year-to-date sales reach 186,920, up 14%

Shanghai, Nov. 6, 2013 - Ford China continued to expand sales in October, with 93,969 wholesale units sold, up 55 percent from October 2012. Following a record third quarter, year-to-date sales also remain strong with 741,818 wholesale units sold, up 52 percent compared to the same period last year.

The Ford Focus led October sales with 39,710 wholesales sold in October, up 18 percent year on year and 48 percent year to date. The all-new Ford Mondeo-launched at the end of August-sold 7,805 wholesale units in October, and Ford's impressive SUV lineup-the Explorer, Edge, Kuga and EcoSport-continued to be in high demand. The Ford EcoSport sold 6,484 wholesale units in October while the Ford Kuga sold 9,604 wholesale units.

Changan Ford Automobile (CAF), Ford's passenger car joint venture in China, sold 70,173 wholesale units in October, up 61 percent compared to the same period last year. Year-to-date sales reached 536,421, up 68 percent compared to January to October 2012.

Jiangling Motors Corporation (JMC), Ford's commercial vehicle joint venture in China, also delivered fantastic October sales with 21,724 wholesale sold, up 36 percent compared to the same period last year. Strong JMC sales were driven by increased demand for the Ford Transit, which sold 6,036 wholesale units in October, up 19 percent compared to October 2012. Year-to-date sales for JMC reached 186,920 wholesale units, up 14 percent compared to January to October last year.

Ford closed October after hitting a major milestone in its Asia Pacific region, selling one million vehicles for the first time - with China contributing a large portion of that with its strong sales performance.

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Financials ($)
Sales 2017 142 007 M
EBIT 2017 6 378 M
Net income 2017 6 605 M
Finance 2017 10 584 M
Yield 2017 6,28%
P/E ratio 2017 7,09
P/E ratio 2018 6,81
EV / Sales 2017 0,25x
EV / Sales 2018 0,33x
Capitalization 46 777 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 13,3 $
Spread / Average Target 13%
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Mark Fields President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Robert L. Shanks Chief Financial Officer & Executive Vice President
Raj Nair Chief Technical Officer
Marcy Klevorn Chief Information Officer & Group Vice President
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