Cadillac China sales increased four percent to 53,200 units during the fourth quarter of 2022.
Cadillac does not provide individual sales performance of its vehicles in China, but we do have the following information:
During the complete 2022 calendar year, Cadillac China sales decreased 16 percent to 194,100 units.
| MODEL | Q4 2022 / Q4 2021 | Q4 2022 | Q4 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|---|---|
| CADILLAC TOTAL | +4.31% | 53,200 | 51,000 | -16.26% | 194,100 | 231,800 |
After suffering five consecutive quarters of contractions, Cadillac China sales experienced a healthy uptick during the fourth quarter of 2022, posting its first positive quarterly result since the middle of the 2021 calendar year. In this way, the luxury marque manages has stabilized its sales in China, despite a challenging environment caused by the resurgence of COVID-19 in the Asian country.
The improvement was driven by strong demand for the Cadillac CT5, which maintained and strengthened its position as the brand’s best-selling vehicle in the Chinese market. Although the automaker doesn’t share sales figures for individual models, it did reveal that sales of the luxury sedan increased 8.7 percent from a year earlier.
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Meanwhile, Q4 represented the first full quarter that the all-new Cadillac Lyriq was available in China, albeit in lower quantities. Deliveries of the all-electric luxury crossover started across the Cadillac IQ network of stores during the final week of September 2022. However, volume is still low as GM works to spin up the supply of Ultium batteries and Ultium motors.
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