China, the second-largest vehicle market in the world, is proving a fertile ground for the US carmaker Ford Motor Company. Their auto financing arm, Ford Credit Co, reportedly quadrupled how many consumer contracts they have written in the first months of this year.

Ford Credit Co. has diversified into China under the name Ford Automotive Finance . They signed 5,200 retail loan contracts this year, a massive climb on figures from the previous year. Each new month appears to bring a record for the car finance company.

Ford is still not on the top spot in China. Other car manufacturers such as General Motors, Volkswagen and Toyota are all ahead in the Chinese retail vehicle finance business. A number of car manufacturers are active in the region, including Peugeot Citroen, Nissan, and DaimlerChrysler. Fiat is reported to also be entering the market.