The automobile sector has been flourishing with some marvelous advancement in the world and in the vehicles as well. It isn’t the case that a specific segment of the automobile sector is solely performing. But sports car segment that is produced in low quantity is one of the most loved categories compared to the other vehicles.
Ford Mustang—an iconic and elegant sports car since years—has been constantly preferred as a best-selling sports car in the United States. This iconic pony car has been loved and is a popular car around the globe. Recently, it has launched its muscle car in the nations that have right-hand drive culture such as India, China, and Europe due to which it is believed to be a most famous sports car among the car enthusiasts in the world.
As per the analysis of IHS market, based on the registration of the new vehicles, specifically in sports car segment, it has been recorded as the most sold sports car in the world.
Speaking about the numerical, the company has managed to sell more than 74% of Mustangs in the annual sales, which means more than 150,000 Mustangs were sold worldwide. The growth of the demand can be accredited to the development of the non-U.S. market. The report states that approximately 45,000 Mustang were sold outside the U.S., and these markets comprise of Europe, India, and China. The percentage of the non-U.S. market sale went up to 101%.
European regions such as the Czech Republic, Finland, France, Poland, Hungary, and Sweden were the most demanding regions for the Mustang. Moreover, in the U.K., till date 4,500 Mustangs have been sold.
From Mediterranean to Arctic Circle, from ages to backgrounds, this elegant sports car has managed to win hearts of the car enthusiasts. There is no sign of the declining demand since 2015, and considering the sales figures of 2017, the company has sold more than 3,600 Mustangs so for that too only in European nations.
Focusing on the Indian market, Ford revealed its Mustang for the first time at 2016 Auto Expo on the Indian grounds with a price tag of Rs 66.30 Lakhs.