Financial data reveals Ford increased pre-tax profit by $3.5 billion in 2015

Ford has announced that it sold 6,635,000 cars in 2015, helping it to grow its pre-tax profit from $7.3 billion in 2014 to $10.8bn (£7.5bn), breaking previous records.

That’s an increase of $3.5bn, and is made up of a $8.8bn (£6.1bn) worth of car sales and $2.1bn (£1.5bn) worth of Ford Credit, which includes personal contract purchases, though not exclusively.

The figures, which have been published in Ford’s annual financial report, also confirm that the brand has returned to profitability in Europe for the first time since 2011, where sales volume grew by 10% to 1.53 million units.

North America, Ford’s biggest market by far, also saw large levels of growth, with more than three million car sales pushing pre-tax profit up to $9.3bn (£6.5bn), $1.9bn more than the year before.

The Asia-Pacific region grew even faster, increasing pre-tax profit by 29% to $765m with 1.5m car sales, and the Middle East and Africa region entered profitability for the first time since its inclusion as a business unit. These results helped to offset the losses accumulated in South America, where wholesale volume, revenue and operating margin were all down.

Overall, the results saw Ford grow its influence by 0.2%; it now accounts for 7.3% of the world's market. The Blue Oval brand can also lay claim to being Europe’s biggest commercial vehicle seller.

Volkswagen Group sold 9.93 million vehicles in 2015

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Comments
1

28 January 2016

Little wonder when they don't honour the warranties they sell with their cars.

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