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Ford is off to a strong sales start in Europe in 2014, posting year-over-year sales improvements for the tenth straight month in March and the fourth consecutive quarter.
While industry sales volumes grew by 10 percent in March and 8 percent in the first quarter, Ford outpaced the overall market with 12 and 11 percent sales volumes increases, respectively*.
“Our first quarter sales results show that our plan to invest in product and launch more new vehicles – 10 alone in 2014 – is beginning to have a very positive impact with customers,” said Roelant de Waard, vice president, Marketing, Sales and Service, Ford of Europe. “Just as important as absolute sales growth, we are growing our business with retail customers and desirable fleet customers.”
Ford sales volumes to European retail and fleet customers increased by one percentage point to 73 percent of total sales in the first quarter*, two percentage points above industry average. Likewise, Ford sales in less profitable market segments – such as daily rentals and dealer registrations – declined year-over-year to 27 percent in the first quarter, down from 28 per cent a year ago.
Ford sales in the UK – Ford’s biggest European market by sales volume – grew by 13 percent in March and 11 percent in the first quarter, making Ford again the clear market leader. In Germany, Ford sales improved by 19 percent in March and 24 percent in the first quarter, while market share was up 0.8 of a percentage point in March and 1.0 percentage point year-to-date.
Ford’s commercial vehicle sales totalled about 50,000 in the first quarter, up 10 percent. CV market share was 10.4 percent*, up 0.2 percentage points and the highest for Ford since 1998.
More than 326,000 vehicles were sold by Ford in its main 22 European markets in the first quarter of the year. Fiesta and Focus were the No. 1 and No. 2 top-selling Ford vehicles for the first three months of the year. Fiesta sales were up by 7 percent, and Ford recently announced it had increased daily production of the car at its Cologne plant by 200 units to 1,850 units to cope with the increased demand.
The Ford Kuga was the third best-selling Ford vehicle in Europe, with sales of 23,400 (main 22 European markets) up by 56 percent compared to the first three months of last year.
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford provides financial services through Ford Motor Credit Company. Ford employs about 174,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.