Ford Motor points to record sales tallies in the Middle East
Ford Motor Company (NYSE:F) said it has had an exceptional year in the Middle East, with sales levels having doubled since 2022. The Detroit automaker said its success is due to strong market share gains by distributors in key countries such as the United Arab Emirates, Kuwait, Bahrain, Qatar, and Saudi Arabia.
Notably, Ford Motor (F) is currently the fastest-growing automotive brand in Saudi Arabia. Al Jazirah Vehicles Agencies and Mohammed Yousef Naghi Motors have accounted for 57% of Ford’s (F) total business in the Middle East in the first half of the year.
Ford Motor’s (F) momentum has been spread across 15 different, including the introduction in the Middle East of the 2025 Mustang Mach-E, which is the company’s first fully electric vehicle for the region. The Mustang Mach-E joined the F-150, Taurus, and Ford Territory hybrids to further solidifying Ford Motor’s (F) commitment to offering a diverse electrified portfolio. The full-sized Expedition SUV is also popular in the region.
Looking ahead, Ford Motor (F) plans to accelerate the launch of Ford Connected Services with the FordPass app first in the UAE in 2025, followed by Saudi Arabia. Ford Motor’s (F) commitment to the region also includes establishing a new parts distribution center in the UAE, scheduled to open in January 2025. This new center will allow quicker delivery of parts to distributors.
“Our lineup of innovative products and services shows just how committed Ford is to our customers, our distributors, our employees and our communities across the Middle East,” said Kay Hart, president of Ford’s International Markets Group.
Shares of Ford Motor (F) fell 2.15% in premarket trading, after gaining 5.57% in the first session following the U.S. election.