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Cadillac sales continue to grow nicely, as does its profit, with a new Cadillac going to be revealed every six months for the next three years.
[Quote=GMAUTHORITY]Cadillac Looks To Double Cadillac Sales and Profit Over the Next Four Years (By GM Authority Staff) — AUG 5, 2018
General Motors Company has high expectations for its Cadillac luxury division. During a recent presentation to investment bankers and analysts at the Deutsche Bank Automotive Conference, GM revealed that it expects a two-fold increase in sales volume and profits associated with its luxury Cadillac brand over the next four years.
The findings were first uncovered in a recent report from Cadillac enthusiast site Cadillac Society. Current Momentum
Over the past three years, Cadillac has managed to increase its global sales volume by 35 percent. Though impressive, the results serve as a catalyst for even more impactful and significant growth.
Volume Growth
General Motors estimates that global Cadillac sales volume will increase 100 percent by 2021. During the Deutsche Bank presentation, GM executive vice president and CFO Chuck Stevens stated the growth in Cadillac sales volume will take place in both North American and in China. The expansion will be driven by the upcoming Cadillac CT5sedan, the recently-unveiled Cadillac XT4 crossover, and an all-new large three-row crossover that will likely be called Cadillac XT6.
Cadillac’s product offensive entails the launch of on new vehicle every six months through 2021. Once all is said and done, GM’s luxury brand will have introduced five vehicle lines. The push starts with the 2019 Cadillac XT, which will launch in the fall of 2018 in the United States and at the end of August in China. It will serve as the first step in the product push. It is expected to be followed by the 2020 Cadillac CT5 sedan that will replace the ATS and CTS lines.
Profit Growth
Furthermore, Stevens stated that GM expects the two-fold increase in Cadillac sales volume to deliver a 100 percent increase in Cadillac profit by 2021.
We should note that General Motors has not provided actual dollar figures associated with Cadillac’s current or forecasted earnings, but the firm has previously announced plans to break out the automaker’s fiscal performance in the future.
http://gmauthority.com/blog/2018/08/...xt-four-years/
[Quote=GMAUTHORITY]Cadillac Looks To Double Cadillac Sales and Profit Over the Next Four Years (By GM Authority Staff) — AUG 5, 2018
General Motors Company has high expectations for its Cadillac luxury division. During a recent presentation to investment bankers and analysts at the Deutsche Bank Automotive Conference, GM revealed that it expects a two-fold increase in sales volume and profits associated with its luxury Cadillac brand over the next four years.The findings were first uncovered in a recent report from Cadillac enthusiast site Cadillac Society. Current Momentum
Over the past three years, Cadillac has managed to increase its global sales volume by 35 percent. Though impressive, the results serve as a catalyst for even more impactful and significant growth.
Volume GrowthGeneral Motors estimates that global Cadillac sales volume will increase 100 percent by 2021. During the Deutsche Bank presentation, GM executive vice president and CFO Chuck Stevens stated the growth in Cadillac sales volume will take place in both North American and in China. The expansion will be driven by the upcoming Cadillac CT5sedan, the recently-unveiled Cadillac XT4 crossover, and an all-new large three-row crossover that will likely be called Cadillac XT6.
Cadillac’s product offensive entails the launch of on new vehicle every six months through 2021. Once all is said and done, GM’s luxury brand will have introduced five vehicle lines. The push starts with the 2019 Cadillac XT, which will launch in the fall of 2018 in the United States and at the end of August in China. It will serve as the first step in the product push. It is expected to be followed by the 2020 Cadillac CT5 sedan that will replace the ATS and CTS lines.
Profit Growth
Furthermore, Stevens stated that GM expects the two-fold increase in Cadillac sales volume to deliver a 100 percent increase in Cadillac profit by 2021.
We should note that General Motors has not provided actual dollar figures associated with Cadillac’s current or forecasted earnings, but the firm has previously announced plans to break out the automaker’s fiscal performance in the future.
http://gmauthority.com/blog/2018/08/...xt-four-years/
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