China: Ford loses ground in September image

After posting double digit growths in the country every month this year except for August, Ford saw the first delivery slide in September in the world’s largest auto market.

According to the second-largest US automaker, its Chinese joint ventures it has recorded sales of 95,875 units last month, a 0.2% dip year-over-year. The company on the other hand expects further growth once new models enter showrooms in the following months and further local capacity is added by opening new assembly facilities. Ford said that three-quarter sales reached 813,412 autos, a jump of 26% from the same period of 2013.

“We’re maxed out,” says Ford spokeswoman Claire Li. “We look forward to our continued growth in China as we prepare to launch our new assembly plants … (and) new nameplates such as the Ford Escort and the Ford Mustang within the next few months,” adds Ford China Chairman and CEO John Lawler.

The company’s spokesperson said the new plants starting production in the Hangzhou and Chongqing regions would finally provide relief for the ongoing supply constraints. The Chongqing factory is set to begin production later this year, with an output of 300,000 units and the Hangzhou facility would begin operations sometime in 2015, adding another 250,000 units to the overall Chinese production capacity. The US carmaker expects to have a total production capacity of 1.5 million autos by the end of 2015 – which reflects the company’s sales expectations in China.

Via Reuters