• Second quarter sales of approximately 120,000 units, down 22% year-over-year, were impacted by national pandemic-related restrictions and localized lockdowns in April and May
• June performance improved markedly with easing of restrictions as overall sales exceeded 50,000 units, up 3% year-over-year and 38% month-over-month; Lincoln delivered brand’s best-ever June results with sales up 19% year-over-year and 70% month-over-month
  
• Business priority on ensuring supply chain for global production complemented by continued refresh of product portfolio strengthened the company for growth and delivery of Ford+ plan   

SHANGHAI, July 8, 2022 – Ford Motor Company sold approximately 120,000 units in China in the second quarter of 2022, down 22% year-over-year as pandemic-related restrictions and localized lockdowns disrupted business activities for most of the period. Demand for Ford and Lincoln brand vehicles was up significantly in June with the resumption of normal business activities, improved supply chain, and launch of new vehicles. Total sales in June exceeded 50,000 units – up 3% year-over-year and 38% compared to May.

Momentum in June was driven by strong passenger vehicle sales. Ford brand passenger vehicle sales exceeded 20,100 units, up 26% year-over-year, including 11,400 SUVs, up 27% compared to the same period last year. Lincoln delivered record sales of 8,300 units last month, the brand’s best-ever June results in China, with sales up 19% year-over-year and 70% month-over-month.

Ford’s continued progress in refreshing its portfolio in China is one of two focus areas in a transformative year working to realize the Ford+ plan and deliver long-term growth. In the second quarter, four new vehicles were launched in the Chinese market, including the all-new Ford Equator Sport Dark Edition, new Focus, all-new F-150 Raptor and Lincoln Aviator. Combined with the all-new Ford Mondeo and all-new Lincoln Zephyr launched in the first quarter, this robust new lineup drove strong orders as consumers returned to the market with the easing of pandemic restrictions.

The second area of focus, building strong relationships with joint venture partners and suppliers in China, ensured a speedy post-pandemic business ramp-up for the company. Significant efforts were undertaken with suppliers to prioritize Ford for the delivery of parts needed to support production across the company’s global network.

“The pandemic’s resurgence in the past few months challenged us to overcome supply chain and logistics obstacles to positioning Ford for growth in the second half of the year,” said Anning Chen, president and CEO, Ford China. “Ford’s business recovery in China is proceeding at full speed as vehicle production has reached pre-pandemic capacity and customer traffic at our dealerships has progressively improved. Our new product lineup, including the all-new Ford Mondeo and all-new Lincoln Zephyr, has been well received by Chinese customers.”  

Second quarter summary

• Lincoln achieved sales of more than 18,200 units, down 20% year-over-year:
  • Best-ever June results, with more than 8,300 units sold, up 19% year-over-year and 70% month-over-month  
  • Corsair sales exceeded 8,500 units for the quarter, with more than 4,100 units sold in June. Cumulative sales surpassed 100,000 units since Corsair’s launch in 2020, making it Lincoln’s first nameplate to join the Chinese auto industry’s “100,000 Sales Club”
  • Nautilus sales surpassed 1,700 units in June, approaching 4,000 units for the quarter – up 55% month-over-month and 37% year-over-year

• Ford passenger vehicle sales exceeded 44,000 units, down 6% year-over-year: 
  • Robust June sales surpassed 20,100 units, up 26% year-over-year
  • Mondeo quarterly sales exceeded 11,200 units, up 87% year-over-year, while June sales approached 5,300 units, up 129% over same period last year
  • Ford brand SUV sales in June reached 11,400 units, up 27% year-over-year; quarterly sales of new Equator Sport exceeded 4,700 units, averaging monthly growth of 45% since its launch in March

• Ford and JMC commercial vehicle sales exceeded 48,500 units, down 37% year-over-year:
  • Ford Transit ambulance received more than 8,500 orders in first half of the year, 7,700 of which have been delivered to customers across China
  • Transit commercial van sales exceeded 11,700 units in the second quarter, up 25% quarter-over-quarter

• Ford brand electric vehicle sales exceeded 1,900 units in the second quarter:
  • Mustang Mach-E up 16% quarter-over-quarter following initial delivery to customers in December
  • First over-the-air update for Mustang Mach-E successfully rolled out on June 24, supporting Ford+ plan to offer customers a more seamless ownership experience