- 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.
at CNBC.com (Nov 18, 2014)