The company said along with its partners in China sold a total 99,157 vehicles on a wholesale basis in November, up 47 % from a year earlier, while in October it posted a 55% increase.
In the first 11 months of the year, sales by the Dearborn, Michigan-based automaker totaled 840,975 vehicles, up 51 % from the same period last year. The company says the new Mustang – unveiled yesterday at a media event also in Shanghai – is one of 15 new or significantly redesigned vehicles Ford is bringing to China by 2015 to keep the growth momentum it began building in recent months after a slow start in the world’s biggest auto market.
Ford has manufacturing and sales joint ventures with Chongqing Changan Automobile Co Ltd and Jiangling Motors Corp in China.
The American automaker has now overtaken on the local market its Japanese rival Toyota, helped in part by a sales crisis Toyota and other Japanese brands have undergone since late last year in the wake of a surge in anti-Japan sentiment following a territorial dispute between Beijing and Tokyo.
During the first 11 months of this year, Toyota sold about 809,000 vehicles, up 7.9 % from a year earlier.