News Terrible China Sales Rock Ford

22:13  10 july  2018
22:13  10 july  2018 Source:   247wallst.com

The Ford Mustang Defeated The Whole World

  The Ford Mustang Defeated The Whole World I know it’s “cool” and “rad” to complain about modern cars and their computers and safety systems and fake engine noises, but the fact is that the performance-minded buyer has more and better options than ever before. But who leads the pack these days? If you’re talking about sales—which may be the only metric that really matters—it’s the Ford Mustang, for the third year in a row.Ford released data today announcing that it sold 125,809 Mustangs in 146 countries in 2017, making it the top-selling sports coupe worldwide in 2017.

Ford Motor Co.’s (NYSE: F) prospects in China have dimmed terribly this year, making most of the company’s global initiatives seem like footnotes. Overall Ford Motor Company China sales totaled 62,057 in June, a 38 percent decline year over year.

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China is the world's largest car market, posting total sales of 24.2 million last year, compared with the United States at approximately 17 million. Ford Motor Co.'s (NYSE: F) prospects in China have dimmed terribly this year, making most of the company's global initiatives seem like footnotes.

Ford's press release about Chinese June and year-to-date sales was oddly titled "Ford Announces Half-Year Results, Reinforces Its Commitment to China." The release did not offer any evidence of reinforcement at all. It did offer specific numbers:

Overall Ford Motor Company China sales totaled 62,057 in June, a 38 percent decline year over year. In the first half of 2018, Ford Motor Company China sold 400,443 vehicles in China, a 25 percent decline year over year. Monthly sales of Lincoln reached nearly 4,400 vehicles in June, a 12 percent increase compared to June 2017. The year-to-date sales for Lincoln totaled more than 24,000 vehicles, a four percent increase year over year.

Volvo Plans to Sell a Ridiculous Number of EVs by 2025

  Volvo Plans to Sell a Ridiculous Number of EVs by 2025 Aiming for EVs to account for half of all salesIn a statement released this week, Volvo announced plans to significantly increase sales of EVs over the next few years. By 2025, its goal is for half of all its sales to be electric vehicles. Not electrified vehicles. Fully electric. Plus, since Volvo intends for all newly introduced models to use an electric motor starting in 2019, the other half of its sales will be mild hybrids and PHEVs.

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Ford's numbers contrasted considerably with General Motors Co. (NYSE: GM) for the same period. The largest U.S. car company announced:

General Motors and its joint ventures delivered 858,344 vehicles in China in the second quarter of 2018. Sales grew 0.7 percent from a year earlier.

Despite the softening of the passenger vehicle market, the Cadillac and Baojun brands achieved record deliveries for the second quarter, while Chevrolet continued to post double-digit growth.

In the first half of 2018, GM deliveries in China grew 4.4 percent on an annual basis to 1,844,396 units. In the second half, the company is adding 10 new and refreshed models, two-thirds of the total for the entire year.

Ford's new CEO, Jim Hackett, has tried his hardest to sell the company's future as a leader in electric and autonomous vehicles. It has powerful competition in these areas both from other global manufacturers and tech companies like Alphabet, with its autonomous vehicle unit Waymo that started in 2009. Its cars have posted over 7 million "self-driven" miles. Ford's initiative cannot approach that. Ford has similar challenges in the electronic vehicle market, led by Tesla.

2018 Roush JackHammer Ford Mustang is a 710-HP Pavement Pounder

  2018 Roush JackHammer Ford Mustang is a 710-HP Pavement Pounder Supercharged 'Stang also gets cosmetic upgradesBased on the Mustang GT, the 2018 Roush JackHammer Mustang comes with a host of special upgrades. It gets a Roush adjustable coil-over suspension, Continental ExtremeContact Sport tires, special badging, and standard gloss black wheels. On the sides, you'll find a hockey stripe design, and buyers can opt for a performance stripe over the hood and top of the car as well.

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Before Ford can convince anyone it has solid footing in the future, which is hard to argue, it has to make the case for current success. Based on its Chinese results, that is not possible.

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Ford's June Sales Report Confirms Trucks are Selling in Record Numbers .
These sales numbers only seem to reaffirm Ford's recent shift away from sedans and hatchbacks.Ford has reported its sales figures for June, as well the first half of 2018, and the big takeaway from the stats is that the F-Series has had its 14th consecutive month of increasing sales. In fact, Ford sold more than 100,000 trucks in June alone. This is playing into Ford's plan of discontinuing any U.S. model that's not a pickup, van, SUV, crossover, or Mustang, at least for the time being.

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