Cadillac XT4 sales decreased in the United States and Mexico while increasing in Canada during the third quarter of 2020.
MODEL | Q3 2020 / Q3 2019 | Q3 2020 | Q3 2019 | YTD 2020 / YTD 2019 | YTD 2020 | YTD 2019 |
---|---|---|---|---|---|---|
XT4 | -29.39% | 6,345 | 8,986 | -32.94% | 15,485 | 23,092 |
MODEL | Q3 2020 / Q3 2019 | Q3 2020 | Q3 2019 | YTD 2020 / YTD 2019 | YTD 2020 | YTD 2019 |
---|---|---|---|---|---|---|
XT4 | +29.35% | 1,159 | 896 | +2.00% | 2,503 | 2,454 |
MODEL | Q3 2020 / Q3 2019 | Q3 2020 | Q3 2019 | YTD 2020 / YTD 2019 | YTD 2020 | YTD 2019 |
---|---|---|---|---|---|---|
XT4 | -6.31% | 104 | 111 | -28.79% | 235 | 330 |
Cadillac XT4 sales performance places the compact luxury crossover in seventh place in its segment, which was led by the Mercedes-Benz GLA-Class and GLB-Class – which are the same vehicle with different bodies – and the Acura RDX. The GLA and GLB had a cumulative 15,902 deliveries, taking first place in the segment, while the RDX had 15,038 deliveries for a second place finish. The Lexus NX came in third place with 13,529 sales, followed by the XT4’s corporate cousin, the Buick Envision (see Buick Envision sales) in fourth place with 11,655 deliveries.
Fifth place went to new Audi Q3, and sixth place was claimed by the new Lincoln Corsair (see Lincoln Corsair sales). The Cadillac XT4 placed seventh, outselling the BMW X1 and X2 – which, much like the aforementioned Mercedes-Benz models, are the same vehicle with different bodies. The BMWs took eighth place with a combined 5,395 deliveries. The now-discontinued Infiniti QX30 came in last place with 13 deliveries.
MODEL | Q3 20 / Q3 19 | Q3 20 | Q3 19 | YTD 20 / YTD 19 | YTD 20 | YTD 19 |
---|---|---|---|---|---|---|
MERCEDES-BENZ GLA-CLASS | +92.19% | 8,712 | 4,533 | +9.11% | 16,509 | 15,131 |
MERCEDES-BENZ GLB-CLASS | * | 7,190 | * | * | 18,709 | 0 |
ACURA RDX | +1.77% | 15,038 | 14,777 | -15.95% | 37,788 | 44,958 |
LEXUS NX | +2.51% | 13,529 | 13,198 | -10.34% | 35,929 | 40,074 |
BUICK ENVISION | +44.10% | 11,655 | 8,088 | +6.52% | 26,468 | 24,849 |
AUDI Q3 | +29.67% | 7,333 | 5,655 | +184.21% | 17,300 | 6,087 |
LINCOLN CORSAIR | +7.99% | 7,044 | 6,523 | -0.49% | 18,177 | 18,266 |
CADILLAC XT4 | -29.39% | 6,345 | 8,986 | -32.94% | 15,485 | 23,092 |
BMW X1 | -19.70% | 3,643 | 4,537 | -20.44% | 10,083 | 12,673 |
BMW X2 | -30.28% | 1,752 | 2,513 | -30.34% | 5,806 | 8,335 |
INFINITI QX30 | -97.74% | 13 | 576 | -95.17% | 146 | 3,025 |
TOTAL | +18.55% | 82,254 | 69,386 | +3.01% | 202,400 | 196,490 |
From a segment share standpoint, the Cadillac XT4 accounted for 8 percent share, down from 13 percent in Q3 2019. Meanwhile, the the Mercedes-Benz GLA-Class and GLB-Class combined for a 20 percent share and the Acura RDX held 18 percent.
The luxury C-crossover segment expanded nearly 18.55 percent to 82,254 units in Q3 2020, meaning that the 29 percent drop in XT4 sales during the quarter significantly lagged the segment average.
The decline in Cadillac XT4 sales volume is a blow to the momentum that the vehicle has been building in the highly-competitive segment. More precisely, the XT4 saw its share of the segment slip from 13 percent to 8 percent. It appears that the Cadillac model is still finding its footing and is not as often considered by customers, potentially as a result of weaker brand and/or nameplate recognition. By comparison, the RDX, NX, Q3, GLA-Class and X1 are well-established nameplates in terms of recognition, owner base and purchase consideration, having gone through at least one generational change-over in the U.S. market. As such, consumer familiarity may have allowed these nameplates to retain market share.
We attribute the decline in Cadillac XT4 sales during the third quarter to sub-optimal supply: COVID depleted the supply of the XT4 at dealers. The supply issues date back to about a year ago, when the UAW strike in the second half of 2019 resulted in no units of the XT4 being built at the Fairfax plant for at least 40 days, significantly depleting inventories at the dealer level. Then, just as supply began to recover during the first quarter of 2020, COVID-19 resulted in about 60 days of idled production.
We expect XT4 sales to recover once supply levels normalize, as soon as Q4.
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