Big Gains for Toyota and Ford in China

Toyota and Honda both had strong months, but Ford's Focus was China's best-selling sedan in October. Photo credit: Ford Motor Co.

Auto sales in China grew at the fastest rate we've seen in nine months in October. That growth came thanks to an uptick in economic growth in China, and thanks to a rebound in demand for Japanese brands. The Japanese automakers have had a rough year in China. Sales dropped sharply last fall after a China-Japan dispute over some islands led many Chinese to boycott Japanese brands for patriotic reasons.

But those feelings are fading, and Chinese auto buyers are returning to Japanese brand dealerships. Toyota  (NYSE: TM  ) in particular was a big beneficiary, with sales rising 80% in October. Honda  (NYSE: HMC  ) also did well.

But as Motley Fool contributor John Rosevear explains in this video, the story in China last month wasn't just about Japanese brands. Ford  (NYSE: F  ) posted yet another big sales gain for the month, as its remarkable growth story stayed on track.

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  • Report this Comment On November 19, 2013, at 12:02 PM, Momintn wrote:

    General Motors and its joint ventures sold 282,446 vehicles in China last month, setting a new October record. Sales were up 12.2 percent on an annual basis, as domestic sales by GM’s Shanghai GM and SAIC-GM-Wuling manufacturing joint ventures as well as its major brands reached new highs for the month.

    Toyota only sold 82,400 automobiles in China in October. Honda 75,150 units, Nissan 114,700 vehicles, Ford 93,969 vehicles.

  • Report this Comment On November 20, 2013, at 8:56 AM, TMFMarlowe wrote:

    @Momintn: Yep. There's no doubt that GM and VW are still way ahead of everybody else in China. But the gains by TM and F are still significant.

    John Rosevear

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