Ford Motor Sold 96,900 Vehicles In January, Representing 10% Higher Sales

Posted: Feb 12 2016, 10:38am CST | by , in News | Latest Business News

 

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Ford Motor revealed it sold 96,900 vehicles in January this year in Europe alone, representing 10% higher sales for January and the best sales figure in 4 years (for January), the Detroit News writes.

These sales exceeded the auto sector’s growth by 3%, helping Ford’s share value to rise by 0.2% points to 7.9%.

“The European auto industry is off to a very strong start and Ford was able to outpace this growth thanks largely to demand for our SUVs, commercial vehicles and performance vehicles,” said Roelant de Waard, vice president, marketing, sales and service, Ford of Europe.

“Importantly, we gained share by selling to retail customers while many others in industry are using self-registration and rentals sales extensively,” Waard added.

For Europe, most of Ford’s sales were for SUV vehicles – enabling its Ecosport vehicle’s sale to rise by 50% and the Kuga mini-series to rise 19%.

In 2016, Ford looks forward to its SUV sales to increase by 30% in comparison to that of last year, and to exceed the 200,000 units first sold in Europe.

Fiesta ST, Focus ST, Focus ST diesel, and Mustang among other performance vehicles sold for nearly triple its normal sales volume from last year to the present time; and Ford looks forward to sell about 40,000 performance cars in 2016 – just as the automaker also adds new models.

For all the January since 2008, Ford’s current sales for commercial vehicles for 7% for last month because of the huge performance of Transit vans and Ranger pickup among other similar vehicles.

For 2016, Ford disclosed it will be releasing new and refreshed vehicles in Europe and these will include the new Kuga SUV and Edge SUV, Focus RS performance car, Transit Custom and Transit 2-ton boosted with new technologies and powertrain, a Range pickup newly refreshed.

The company earned $259 million in Europe for last year, the first profit to be made since 2011. Ford expects to put up more facilities or restructure existing plants there in 2016, and this might include buyouts for salaried staffs among other necessary business moves to stabilize itself for more profit this year and beyond.

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<a href="/latest_stories/all/all/52" rel="author">Charles I. Omedo</a>
Charles is covering the latest discoveries in science and health as well as new developments in technology. He is the Chief Editor or Intel-News.

 

 

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