Ford Philippines Garners Double Digit Growth In Year-To-Date 2022 Quarterly Retail Performance
Ford Philippines has been a mainstay at the top of the automotive food chain, most of its sales are attributed to the never-ending support and fanfare for the Everest, Ranger, and Territory.
Ford Philippines Double Digit Growth
The brand sustained its strong sales after posting double-digit growth in its year-to-date and quarterly retail performance.
Year-to-date sales grew by 10 percent to 16,244 vehicles compared to a year ago with the Ranger and Territory leading the sales for the first nine months. Sales for the Ranger increased by 12 percent to 7,484 units, while the Territory continued its retail momentum with sales growing by 29 percent to 6,430 units. The Territory retained its leadership in the small SUV segment with a 52 percent market share.
On a quarterly performance, vehicle sales rose by 50 percent in the third quarter of the year from a year ago to 7,288 vehicles. Comparing it with the previous quarter this year, vehicle sales also posted a growth of 69 percent.
The automaker also posted its highest monthly retail performance for the year in September, with sales rising by 62 percent to 2,896 units sold, driven by strong sales for the next-generation Ford Ranger at 1,311 units, Ford Territory at 812 units, and next-generation Ford Everest at 723 units.
“We thank our customers for their continued patronage of the Ford brand, as well as our dealers for their solid partnership in bringing our vehicles closer to more customers nationwide,” shares Mike Breen, managing director, of Ford Philippines. “Launching our next-gen vehicles in the last quarter definitely gave our retail performance a big boost, and we are definitely encouraged to sustain the momentum as we near the end of the year with more exciting offers and services for our customers.”
