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GENERAL MOTORS CORPORATION (GM)
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General Motors : Cadillac Global Sales Rise 16.5 Percent in September

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10/06/2017 | 03:50pm CEST
  • 16consecutive months of global sales growth
  • US sales up 1.1 percent
  • 103,645 XT5 vehicles delivered worldwide, year-to-date

Cadillac globally sold 35,020 units in September 2017, maintaining a 16-month run of consecutive growth. With these latest results, the brand remains on pace to surpass last year's total of 308,718 vehicles sold. Year-to-date, sales are up 44,336 units compared to September 2016, totaling 256,613 units.

September year-over-year sales increased 1.1 percent in the United States. China continues to be a strong performing market where sales were up by 37.6 percent year over year, followed by significant gains in Japan, the Middle East, Israel and South Korea.

'This continues to be an exciting time for Cadillac as we are enticing new, younger buyers while simultaneously further solidifying our global footprint,' said Cadillac President Johan de Nysschen. 'Ground breaking new technologies like Super Cruise, the first truly hands-free driving technology for the freeway available on the 2018 Cadillac CT6, coupled with our aggressive product offensive beginning next year will help carry this positive momentum for continued growth.'

The XT5 luxury crossover continues to lead sales for the brand with 103,645 units delivered worldwide so far in 2017 while globally, sales of the ATS model grew 15 percent for the month, driven by market share gains in the U.S. and Canada and CT6 rose 6.6 percent for the month

Through September, the brand's average U.S. transaction price remained around $54,000, maintaining the second-highest U.S. average transaction price among major luxury automotive brands.

Cadillac sales in key regions appear in the table below.

SALES BY REGION

17-September

16-September

% Change

YTD-17

YTD-16

% Change

United States

15,530

15,368

1.1

113,846

119,286

(5.4)

China*

17,248

12,539

37.6

124,625

77,028

61.8

ROW

2,242

2,158

3.8

18,142

15,963

13.6

Total`

35,020

30,065

16.5

256,613

212,277

20.9

# # #

ABOUT CADILLAC

Cadillac has been a leading luxury auto brand since 1902. Today Cadillac is growing globally, driven by an expanding product portfolio featuring distinctive design and technology. More information on Cadillac appears at www.cadillac.com. Cadillac's media website with information, images and video can be found at media.cadillac.com.

GM - General Motors Company published this content on 06 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 October 2017 13:49:03 UTC.

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Financials ($)
Sales 2018 146 B
EBIT 2018 11 196 M
Net income 2018 8 201 M
Finance 2018 4 665 M
Yield 2018 3,83%
P/E ratio 2018 6,61
P/E ratio 2019 6,30
EV / Sales 2018 0,35x
EV / Sales 2019 0,34x
Capitalization 56 412 M
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Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
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Randall D. Mott Chief Information Officer & Senior Vice President
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