CADILLAC GLOBAL SALES INCREASE SHARPLY IN JULY
August 5, 2016 by Cadillac• U.S. AND CHINA MARKET GROWTH POWERS RESULTS
In July Cadillac sold 24,769 new vehicles globally, an increase of 20.9 percent. The sharp increase was driven by the brand's newest models, the CT6 prestige sedan and XT5 luxury crossover, as well as the ATS product line supported by continued strong growth in China. Sales in China soared 89.7 percent in July. Cadillac is experiencing sustained growth in China, the world's largest market, with sales up 23.9 percent so far in 2016. Cadillac registered July growth in the U.S. and Canada as well, led by the new 2017 XT5. The new XT5 sold 8,130 units in July, the most since its launch this past spring. Sales of Cadillac's sporty ATS sedan and coupe models grew 32 percent globally in July. Benefitting from an acceleration in its production rate, the Escalade's sales increased again in July, with sales up 4.3 percent overall in 2016. In the U.S., the brand experienced volume growth while continuing to earn a premium position in the marketplace. Cadillac average transaction prices topped $53,000 per unit (according to J.D. Power Information Network), the highest among full-line luxury brands. 'Product substance forms the foundation of our disciplined approach to global expansion,' said Cadillac President Johan de Nysschen. 'Elevating every aspect of the business is how we earn incremental volume growth while simultaneously building brand prestige.'
Previous post
FORD SETS JULY SALES RECORD IN CHINA, UP 15 PERCENT
Related Posts
Recent Posts
- The 1000 Miglia 2024 has started
- 24 Hours after 26 years: McLaren returns to Le Mans with trio of GT3 EVO cars following in the wheel tracks of an endurance icon
- Successful Second Cars & Coffee Event Raises Funds for Big Sur
- First KALMAR Automotive 7-97 commissioned for the USA by leading collector car specialist Canepa is now available in California
- Mercedes-Benz USA Hosts First Ever Race Day and Canadian Grand Prix Watch Party at Mercedes-Benz Stadium