Please ensure Javascript is enabled for purposes of website accessibility

Ford Motor's Sales in China Jumped in April

By John Rosevear - May 7, 2020 at 4:45PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Ford's two Chinese joint ventures both reported year-over-year sales gains last month.

Ford Motor Company's (F 0.67%) two joint ventures with Chinese automakers both reported year-over-year sales growth for April, in the latest sign that China's new-car market is recovering from the effects of the coronavirus pandemic.

Ford's joint venture with Chongqing Changan Automobile sold 20,465 vehicles in April, up 38.3% from April of 2019, Changan said in a filing with the Shenzhen stock exchange.

The joint venture, called Changan Ford, builds and sells Ford- and Lincoln-brand cars and SUVs for the Chinese market.

A China-market version of the Ford Escape, a compact crossover SUV. The front end and other details differ from the US-market Escape.

Ford launched a version of its all-new Escape in China late last year, one of many new products that it has promised to bring to the country. Image source: Ford Motor Company.

Ford's other joint venture, called Jiangling Motors (JMC), reported in its stock-exchange filing that it sold 28,028 vehicles in April, up 7.8% from a year ago. JMC builds and sells commercial trucks and SUVs under the Ford and JMC brands. 

Ford's sales in China fell 34.9% in the first quarter, as the COVID-19 outbreak shuttered dealerships and kept consumers home in many parts of the country. 

Ford's sales in China also include Ford- and Lincoln-brand vehicles that are imported from other countries, including the United States. Ford reports its total sales in China quarterly. 

Ford's operation in China has struggled since mid-2017, when its sales began to fall after several years of promising growth. Ford restructured its China operation last year, installing new leadership, mending relationships with dealers, and promising a slew of new products over the next few years.

Ford lost $241 million in China in the first quarter.

John Rosevear owns shares of Ford. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Ford Motor Company Stock Quote
Ford Motor Company
F
$16.43 (0.67%) $0.11

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
403%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/16/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.