Ford’s Sales in Greater China Rebound in the Second Quarter; Grow 3 Percent Year-Over-Year

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  • Total of 158,589 vehicles was sold during the second quarter, representing a 3 percent growth year-over-year and 78.7 percent sales increase compared to the first quarter of 2020
  • Strong consumer demand and favourable product mix supported by new vehicle launches helped drive sales rebound
  • Transit commercial vehicles experienced solid year-over-year growth of 60.9 percent, as did Lincoln luxury vehicles on gains of 12.0 percent.

Ford and its joint ventures, Changan Ford, JMC and Ford Lio-Ho, sold 158,589 vehicles in Greater China in the second quarter. Driven by strong demand following the lifting of COVID-19 pandemic restrictions, Ford’s quarterly sales grew 3 percent year-over-year and 78.7 percent quarter-to-quarter.

The company’s refreshed vehicle lineup, including the addition of the all-new Ford Escape and Lincoln Corsair, offered a favourable product mix to meet consumer needs. Sales were particularly strong in the commercial vehicle and luxury segments. Double-digit year-over-year increases were achieved by Transit commercial vehicles with sales of 15,007 units, up 60.9 percent, and Lincoln luxury vehicles with sales of 13,896 units, up 12.0 percent.

Second-quarter sales highlights

  • Ford brand SUVs sold 30,462 units in the second quarter, flat year-over-year, but an increase of 82.1 percent over the first quarter. Sales of the all-new Escape reached 11,290 units in the second quarter, while orders for the locally built Explorer, launched in mid-June, surpassed 2,000 units in the first two weeks of its launch
  • Lincoln brand luxury vehicles experienced consecutive sales increases in the three months of the quarter. Sales in May and June both exceeded the monthly record of 5,000 units, driven in large part by the popularity of the newly launched, locally built Lincoln Corsair, which sold 6,968 units in the quarter.
  • JMC sales of both Ford and indigenous brand vehicles reached 80,224 units in the second quarter, representing 33.8 percent growth year-over-year and more than double the volume sold in the first
  • Ford Lio-Ho sold 5,223 vehicles in Taiwan in the quarter, an increase of 1.8 percent year-over-year and 7.0 percent quarter-to-quarter. All-new Ford Kuga, also launched in mid-June in Taiwan, received nearly 2,000 orders. Second-quarter sales volume was impacted by pandemic-related supply issues, which have since been resolved, and the delayed launch of the all-new Kuga.
Read Also:  Domestic production of vehicles hit 45,000 units per annum

Ford China intends to build on its sales momentum by accelerating the launch of new products and localization strategies. June’s launch of the locally built all-new Explorer strengthened

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Ford’s robust portfolio of SUV offerings that also includes Escape, Kuga, Edge and Territory S to address a wide spectrum of consumer needs.

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Ford’s Sales in Greater China Rebound in the Second Quarter; Grow 3 Percent Year-Over-Year - Brand SpurFord’s Sales in Greater China Rebound in the Second Quarter; Grow 3 Percent Year-Over-Year - Brand Spur

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Ford’s Sales in Greater China Rebound in the Second Quarter; Grow 3 Percent Year-Over-Year - Brand SpurFord’s Sales in Greater China Rebound in the Second Quarter; Grow 3 Percent Year-Over-Year - Brand Spur

Latest News

New entrant AECO Energy launches business innovation to deliver ‘last mile of value chain’ to Singapore’s maturing open electricity market

  • AECO Energy announces the launch of its operations in Singapore to provide innovation to the open electricity market for businesses with generation 2.0 of its technology and service offerings.
  • The company will introduce three solutions as part of its initial portfolio, customisable to specific business needs.


SINGAPORE - Media OutReach - 13 April 2021 - AECO Energy, a new entrant to Singapore's electricity sector, has today announced the launch of its operations. AECO Energy will be the first-of-its kind energy technology and services company aimed at innovating customer-centric offerings in electricity and renewable energy markets.

With over 12 years of experience in delivering open market electricity services and solutions to businesses in Australia under the Power Choice brand, AECO Energy is bringing its second generation of services and technology to Singapore for the first time. AECO's second generation delivers on two major offerings.

Firstly, AECO delivers the 'last mile' of value in Singapore Open Electricity Market (OEM) value chain by providing innovative services to assist businesses to manage, plan and make better buying decisions.

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AECO is all about enabling increased profits for businesses. AECO has a customer-centric mission to use its low-cost proven technology and expert-led services to enable better business decisions within a complex electricity market with multiple providers and opaque medium- to long-term pricing information. This comes against the backdrop of Singapore's maturing OEM, which gives businesses and consumers the autonomy to buy and choose their electricity providers - the freedom to choose.

AECO Energy's technology platform, MarketPro™ with its unique, electricity futures market simulator Rate Watch™, delivers business and electricity efficiency and empowers businesses through relevant and timely pricing information, while also helping Singapore businesses make better buying decisions via automated tenders and reverse auctions. Moreover, for businesses who do not have the capability and capacity to manage and purchase its own electricity, AECO Energy Portfolio™ delivers scalable buying power with a fully-managed contract management and purchasing aggregation service for small, medium and large businesses.

Alan Jones, CEO, Chairman & Founder, AECO Energy, said: "We are incredibly excited and humbled to be joining Singapore's dynamic energy scene with our low-cost, high-value products and services. Our mission is clear: just like Amazon is revolutionising the 'last mile' of product supply chains with its same day delivery, we are also delivering the 'last mile' of the value chain in Singapore's OEM that enables more businesses better purchasing decisions, more business profitability and growing all of Singapore's economy."

Secondly, with SGX-listed entities, enterprises and multinational corporations (MNCs)' increasing emphasis on sustainability, AECO (through its SustainPro™ offering) will bring for the first-time in Singapore the benefit of AECO's direct relationship with generators of International Renewable Certificates (I-REC). This enables Southeast Asian markets the benefit of medium- to long-term low-cost and structured REC solutions to meet renewable energy targets and sustainability goals. This translates to more profits by providing more predictable costs for businesses in meeting their sustainability and renewable energy goals.

"As a specialised company, unburdened with corporate overheads and distractions from Singapore's local market participants, we can offer companies who are based anywhere in Southeast Asia, sustainability and renewable energy solutions that span markets and countries at a lower and more predictable price. We are honoured to play our part to bring sustainability and increased renewable energy throughout the world and to do so while benefiting our customers' cost structures," continued Mr. Jones.

AECO Energy is introducing three offerings as part of its electricity management solutions:

  • MarketPro™: Businesses can optimise costs and seize market opportunities with exclusive access to customised market price information through AECO Energy's integrated online procurement and management platform equipped with Rate Watch™, a market simulation and automated procurement technology from as low as SGD $149 per month.
  • Portfolio™: Businesses get exclusive access to economies of scale with better buying power through professional and expert-managed energy procurement portfolios overseen by AECO Energy experts. This allows enterprises to focus on their core business while AECO Energy experts will fully-manage their electricity contracts and make better buying decisions on their behalf from as low as an additional SGD $74 per month.
  • SustainPro™: SustainPro focuses on helping businesses meet their sustainability goals at the lowest cost. AECO Energy offers lower costs on the procurement of Renewable Energy Certificates (RECs) and tailored REC supply solutions designed to meet transition needs towards a more sustainable business.

"With the understanding that business needs are unique for every organisation, our energy experts will work closely with customers here in Singapore to help them reduce costs, drive efficiency and make better buying decisions. By providing technology-enabled, insights-driven energy technology solutions, we want to create a profound impact on our customers' businesses to better position them for sustainable growth in the long-term," concluded Alan.


About AECO Energy:

Based in Singapore, the AECO Pacific Group owns and operates the Power Choice and AECO Energy brands. A leading pioneer for more than 12 years in electricity brokerage and consulting services in Asia Pacific focusing on deregulated electricity markets, AECO Pacific helps businesses with electricity procurement and management backed by market intelligence. Transforming and saving businesses more, AECO's combined experience in energy leadership and innovative technology solutions remain unmatched in dynamic and changing energy markets. For more information, visit https://powerchoice.com.au/ and https://aecoenergy.sg/.

Ford’s Sales in Greater China Rebound in the Second Quarter; Grow 3 Percent Year-Over-Year - Brand Spur
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