Mexican Media Brands
Luxury Car Boom Evades Cadillac
Sales of General Motors Co.'s Cadillac luxury vehicles slid 3% to 15,200 units in the U.S. last month, figures from Autodata Corp. show.
#economics
Share
Sales of General Motors Co.'s Cadillac luxury vehicles slid 3% to 15,200 units in the U.S. last month, figures from Autodata Corp. show.
Caddy's results contrast with its biggest foreign rivals, all of whom posts big gains in July. Volume jumped for BMW (+10% to 26,400 units), Mercedes-Benz (+15% to 29,400), Lexus (+19% to 27,300) and Audi (+12% to 14,600).
Even Ford Motor Co.'s struggling Lincoln brand reported a 14% jump to 7,900 units in July.
Last year Cadillac sales zoomed 22% to 182,500 units. But the brand's volume in January-July this year fell 2% in a market that expanded 5%. Some analysts opine that Cadillac's relatively thin model lineup (three cars and two SUV/crossovers) is a likely a factor.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Auto vs. Tech: Guess Who Wins
Matthew Simoncini, president and CEO of Lear Corp., provided some fairly compelling figures this week at the CAR Management Briefing Seminars that show just how out-of-whack the valuations of tech companies are vis-à-vis auto companies.