Ford Motor Company sales in China tanked last month as it was slammed by President Donald Trump’s trade war with the country, as well as other factors.
> According to data released by the company Friday, overall sales in China fell 43% in September compared with the same month last year and were down 30% through the first nine months of 2018 compared with the same period in 2017.
Each of Ford’s Chinese partnerships experienced a drop in sales, though some were hit harder than others:
- Changan Ford Automobile sales were down 55% in September compared with 2017.
- Jiangling Motors Corporation sales declined 15%.
- Imported Ford sales fell 16% for the month and were down 15% year-to-date.
- The only Ford brand to see positive sales growth was Lincoln, with a 1% gain for September and a 4% gain year-to-date.
Chinese auto sales were down in general last month, though not as severely as Ford’s numbers, with the China Association of Automobile Manufacturers saying sales fell overall by 11.6 percent year-over-year — the steepest drop in seven years.
Business Insider noted that along with the U.S.-China trade war, China is also in the midst of an economic slowdown, which is a likely factor in depressed sales as well.
It is also likely due in part to the ongoing trade dispute between the two countries.
> The trade war is exacerbating longstanding issues at the automaker, which is already carrying out a global restructuring. As part of the changeover, the company announced Monday that it would lay off a significant number of workers.