Ford Plans Lincoln Facelift for China
Lincoln, Ford’s luxury brand, had once been a top luxury brand in the U.S., but that hasn’t been the case in recent years. With more competing luxury brands, like Toyota’s (NYSE:TM) Lexus and Volkswagen’s Audi, Lincoln lost a significant amount of sales. In response, Ford began a campaign to re-brand Lincoln and re-ignite sales under the original Lincoln Motor Co. name. Ford’s goal was to make Lincoln a global brand and to turn around sales.
In 1990, Lincoln sales peaked at 231,660 vehicles. Illustrating Lincoln’s decline, sales in 2012 reached 82,510 vehicles. Despite an exciting summer for Lincoln, when sales were up 40 percent, deliveries actually fell 12 percent in December, when luxury vehicles could normally be expected to sell well. For comparison, Lincoln’s top competing luxury brand, BMW, sold 281,460 vehicles in 2012, more than triple what Lincoln sold…
Here’s how Ford has traded over the past 3 months (up 39.92%):