Ford Reports 31% Sales Growth in GCC

posted on: Jul 30, 2010

Ford Middle East has reported sales growth of 31 percent in the GCC in H1 2010, compared to the same period a year earlier.

According to an emailed statement, sales of SUVs and Trucks saw a 46 percent increase, while car sales posted an 18 percent growth.

The US automaker said it recorded a 97 percent increase in the sales of its Expedition SUV. This was followed by improved sales of another utility vehicle, the Explorer, which saw an 83 percent increase.

Related: GCC auto sales seen at $17bn in 2010
Related: IN PICS: Ford debuts the new Explorer SUV

In the passenger car segment the Ford Fusion led the sales growth, recording a 105 percent increase in the first half. Additionally, sales of the Ford Taurus were up by 75 percent, the company said.

In the Kingdom of Saudi Arabia, Ford said sales were up by 56 percent. Qatar followed with a 22 percent increase year-on-year, and in the UAE Ford said it recorded a rise of 15 percent.

“This has been an exceptional half year for Ford in the region, and we anticipate sustained growth,” said Hussein Murad, Ford’s director of sales in the Middle East.

Earlier this week the company posted a stronger-than-expected quarterly profit of $2.6bn and said it was on track for higher earnings and lower debt in 2011. Ford Motor Co chief executive Alan Mulally said the company was “cautiously optimistic” that it would continue to grow as the US economy recovers.

Andrew White
Arabian Business.com