Cadillac China sales decreased 9 percent to 59,500 units during the third quarter of 2021.
Cadillac does not provide model-specific sales performance in China, but we do have the following information:
During the first nine months of the 2021 calendar year, Cadillac China sales increased 20 percent to 180,700 units.
MODEL | Q3 2021 / Q3 2020 | Q3 2021 | Q3 2020 | YTD 2021 / YTD 2020 | YTD 2021 | YTD 2020 |
---|---|---|---|---|---|---|
CADILLAC TOTAL | -8.74% | 59,500 | 65,200 | +20.06% | 180,700 | 150,504 |
For the first time thus far in 2021, Cadillac China sales declined during the third quarter. The drop is the result of the ongoing global semiconductor shortage that has caused a decline in inventories.
The performance during the third quarter puts an end to the exponential growth Cadillac has been experiencing since Q3 2020 in the Chinese market, its biggest market by sales volume since 2017.
Despite the notable drop during Q3 2021, Cadillac maintained a competitive performance among its primary rivals in China, establishing itself as one of the most popular luxury automobile marques among Chinese customers behind traditional luxury leaders Audi, BMW and Mercedes-Benz. As during the most recent quarters, Cadillac sales were led by the CT5 sedan, which surpassed 17,000 units in the third quarter, remaining the most popular nameplate in the Asian country.
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