BYD overtakes Ford in international new-car gross sales

BYD is starting to indicate its would possibly as a real contender among the many world’s established ‘legacy’ carmakers, surpassing Ford to grow to be the sixth best-selling carmaker.

Nikkei Asia reviews BYD bought 1.13 million automobiles between July and September 2024 (the third quarter of 2024), a document for the carmaker and the primary time its international gross sales exceeded a million in a three-month interval.

This eclipsed Ford’s reported whole by roughly 40,000 automobiles, a comparatively small quantity which may show important by the tip of the yr.

Between January to September, Ford delivered 3.3 million automobiles worldwide, with BYD trailing it on 3.25 million deliveries.

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If BYD retains up its present tempo, it may overtake Ford by the tip of the yr, or no less than mount a severe menace to the Blue Oval heading into 2025 and past.

No matter whether or not it does or doesn’t surpass Ford’s annual whole, BYD has already eclipsed its annual gross sales document, set final yr with 3.024 million automobiles bought globally.

This represented a 61.9 per cent improve on its 2022 end result. To the tip of the third quarter in 2024, BYD’s international gross sales are up 38 per cent in comparison with the identical interval in 2023.

Whereas BYD depends closely on its dwelling market of China to drive gross sales quantity, Ford’s international operations – together with these in China – extra evenly contribute to its whole.

Regardless of BYD slowly getting the higher hand abroad, it’s a special story in Australia, the place Ford stays the second best-selling carmaker regionally.

Its 91,865 deliveries made to the tip of November had been up 17.8 per cent on its first 11 months of 2024.

It just lately handed Mazda (88,731), however is effectively behind market chief Toyota (222,639).

BYD in the meantime has delivered 18,465 automobiles between January and November, a big 68.2 per cent rise on final yr.

Its Sixteenth-place place has been bolstered by the arrival of the electrical Seal sedan and Sealion 6 plug-in hybrid SUV, which sit on both aspect of the Atto 3 for gross sales in Australia. Its Shark 6 plug-in hybrid ute is because of arrive in Australia imminently.