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Ford's China sales keep falling, down 30% in third quarter

BEIJING — Ford's July-to-September vehicle sales in China fell 30%, as the U.S. automaker continued to lose ground in a prolonged sales decline in its second biggest market. The Dearborn, Michigan-based automaker delivered 131,060 vehicles in China in the third quarter, Ford said in a statement. Ford's sales in China fell 35.8% in the first quarter and by 21.7% in the second quarter. In the third quarter, sales of the automaker's mass-market Ford brand fell 37.7%, while its luxury division Lincoln saw sales drop by 24.1%. It delivered around 421,000 vehicles in the first nine months of the year, according to Reuters calculations. Ford has been struggling to revive sales in China after its business began slumping in late 2017. Sales sank 37 percent in 2018, after a 6 percent decline in 2017. The automaker plans to launch more than 30 new models in China over the next three years, of which more than a third will be electric vehicles. It also said it would localize management teams by hiring more Chinese staff and aimed to improve relationships with joint venture partners. Ford has launched a series of new models in the third quarter in China, including Focus, Edge, and the electric Territory. In China, Ford makes cars through its joint venture with Chongqing Changan Automobile Co and Jiangling Motors. It has said it would partner with Zotye Automobile Co to sell lower-priced cars, but there seems to have been little progress. In a series of moves, Ford named a new president for its main local venture, Changan Ford, in August and said it would enhance its partnership with Changan through research, production and marketing cooperation in September. Ford is also planning to revamp some of its existing manufacturing facilities with Changan to localize production of its premium brand Lincoln. Changan Ford's sales down by around 33.5% in the third quarter, according to Reuters calculations based on Changan's filings. Ford rival General Motors' July-to-September vehicle sales in China fell 17.5%, to 689,531 vehicles. As GM and Ford China sales extend declines, U.S. car companies' market share of total China passenger vehicle sales fell to 9.5% in the first eight months of this year, from 10.7% in the year-ago period, according to the China Association of Automobile Manufacturers (CAAM). Over the same period, German carmakers' share has risen to 23.8% from 21.6%, and Japanese automakers' share rose to 21.7% from 18.3%.

Electric Lincoln Corsair-E coming in 2026, report says

An electric Lincoln Corsair is on the way, Automotive News reports. It’s currently scheduled to arrive in 2026 and will be built at the Oakville, Ontario, assembly plant. Automotive NewsÂ’ source for this information is AutoForecast Solutions LLC, an automotive global forecasting company. “At this point, weÂ’re not sure if it will completely replace the Corsair or if there will be an equivalent gas-powered Corsair. But they would be on two different platforms,” Sam Fiorani, vice-president of AutoForecast Solutions, told Automotive News. The vehicle is currently going by the name of Corsair-E. ItÂ’s no surprise to see that it would require a new platform to build. The Corsair is currently riding on the Ford EscapeÂ’s platform, and the highest level of electrification seen there is a plug-in hybrid variant. This electric Corsair will be one of many EVs/electrified vehicles being manufactured at the Oakville plant in the coming years. It was announced late last year that Ford would build five new electrified models there this decade, with the first scheduled to roll off the assembly line in 2025 and the last in 2028. This could mean full EVs or hybrids, but the split is unknown so far. Ford still isnÂ’t talking about its specific plans with this Canadian plant. Automotive News received the standard, Ford “does not comment on future products” response when it queried the Blue Oval. In the meantime, anyone wanting their electrified Lincoln Corsair fix can find it in the Corsair Grand Touring PHEV going on sale soon.  Related video:

10 best new car deals in late September 2021

New car sales were drastically affected in 2020 due to the ongoing coronavirus pandemic, but things started to show signs of recovery toward the end of the year before really coming on strong in the early months of 2021. Now there's an ongoing shortage of microchips causing a great deal of pricing fluctuation and a limited supply of certain vehicles. That doesn't mean there aren't still great deals on new cars, though. Using data provided by TrueCar, we’ve compiled a list of some of the best automotive deals for September 2021. WeÂ’ve noted the original MSRP, the average transaction price, and the total savings in both dollars and as a percentage of the original sticker price. Basically, weÂ’ve done all the hard work for you! So now, all you need to do is compare deals, go on a few test drives, and maybe drive away in a great car (and an even better bargain).