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Big year for Cadillac outside of the U.S.

  • Cadillac (NYSE:GM) sales rose 14% in 1H as strong demand in China and the Middle East for several new models contributed.
  • The luxury brand's average transaction price was up 9.9% to $49,800 during the period.
  • Sales in China are expected to top 70K this year, according to Cadillac execs.
  • The strong global growth trends have come despite some weakness in the U.S. where 1H Cadillac sales were down 1% and 70 bps of market share in the luxury segment were given up.
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Comments (7)
  • mikeRetirement
    , contributor
    Comments (173) | Send Message
     
    Higher volume and ATP's.

     

    Help on the way in the U.S. They just hired the guy responsible for much of Audi's success Johan de Nysschen, to lead the division. Products are great, need a little marketing help in the U.S.
    12 Aug, 10:15 AM Reply Like
  • JDoe20
    , contributor
    Comments (433) | Send Message
     
    Trucks, SUVs and luxury up at GM is a good sign for the future. These are the most profitable vehicles sold so shareholders should be rewarded as earnings surge.
    12 Aug, 10:59 AM Reply Like
  • Shaduc
    , contributor
    Comments (1317) | Send Message
     
    GM owns 51% or less of its China JV!
    12 Aug, 11:04 AM Reply Like
  • JDoe20
    , contributor
    Comments (433) | Send Message
     
    Which means they will get 49% of the profits . . .
    12 Aug, 11:51 AM Reply Like
  • Shaduc
    , contributor
    Comments (1317) | Send Message
     
    GM probably does not bring those profits back to the USA-- look at Apple, Cisco, Microsoft, Intel et al.
    12 Aug, 11:56 AM Reply Like
  • mikeRetirement
    , contributor
    Comments (173) | Send Message
     
    Wrong. Of course they bring the profits back to the U.S. And shareholders.
    12 Aug, 12:23 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1115) | Send Message
     
    GM keeps the cash earned over there and uses it to build factories since that's where most of GM's future sales growth is coming from. The domestic profits are used to pay dividends and buybacks. This makes sense and is tax efficient.
    12 Aug, 02:44 PM Reply Like
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