Trump sanctions tanking China car market

Near $1 Billion annual USA trade deficits with China turned the rice paddy country into a super power. No more
Near $1 Trillion annual USA trade deficits with China for decades turned the rice paddy country into a super power. No more

Ford Motor's China auto sales tanked in September, far outpacing the overall sales decline that was the largest drop in seven years.

Ford joins General Motors (GM) in reporting a major slowdown as the world's largest auto market cools, with President Trump's China trade war threatening economic growth.

Ford's China sales totaled 64,383 vehicles in September, tumbling 43% year over year. Year to date, sales of 585,000 units marked a 30% decline.

Sales of vehicles that Ford imports into China sank 16% last month, led by a 71% drop for the Mustang. Monthly sales for Ford's Changan joint venture slid 55%, while its Jiangling JV saw sales fall 15%. The Lincoln brand saw sales climb 1% in September, as the luxury car market in China continues to hold up.

Ford Focus sales in China were down 61% in September and are down 51% year to date.

Overall China auto sales sank 12% to 2.39 million units last month, the third straight drop, according to the China Association of Automobile Manufacturers. China's car sales fell the most in nearly seven years in September, Reuters said.

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