• Ford declares worst quarterly sales in China since coronavirus outbreak.
• Ford sold 120,000 vehicles during the second quarter, a 22 percent decrease from a year earlier.
• The second quarter sales for General Motors fell 35.5 percent to 484,200 vehicles.

In the midst of a rise of Covid-19 cases in the nation and continued issues with the global supply chain, Ford Motor joined its crosstown rival General Motors in declaring its worst quarterly sales in China since the start of the coronavirus outbreak.

Ford reported that it sold 120,000 vehicles during the second quarter, a roughly 22 percent decrease from a year earlier and its lowest sales in Greater China since the first quarter of 2020, when government-imposed COvid limitations brought the nation’s output to a halt.

Ford said in a late-Thursday press statement that sales in June increased significantly as a result of the relaxation of restrictions, surpassing 50,000 units, up 3 percent annually and 38 percent monthly.

The recurrence of the pandemic in recent months presented challenges for us to overcome in order to position Ford for growth in the second half of the year, according to Anning Chen, president and CEO of Ford China.

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However, difficulties can still be ahead. Mainland In the past few days, China’s daily Covid case count has increased from a few instances to 200 or 300 new cases, including those without symptoms. According to Ting Lu, chief China economist at Nomura, the number of cities banning local movement as a result of Covid more than doubled in a week to 11 as of Monday, up from five a week earlier.

The second quarter sales in China for General Motors fell 35.5 percent to 484,200 vehicles, the lowest level since the first quarter of 2020, when there were 461,700 vehicles sold.

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