Cadillac China sales decreased 20 percent to 45,050 units during the third quarter of 2023.
Cadillac does not provide individual sales performance of its vehicles in China, but we do have the following information:
During the first nine months of the 2023 calendar year, Cadillac China sales decreased 5.4 percent to 133,050 units.
| MODEL | Q3 2023 / Q3 2022 | Q3 2023 | Q3 2022 | YTD 2023 / YTD 2022 | YTD 2023 | YTD 2022 |
|---|---|---|---|---|---|---|
| CADILLAC TOTAL | -20.27% | 45,050 | 56,500 | -5.37% | 133,050 | 140,600 |
After experiencing a significant increase during the second quarter of the year, which allowed China to regain its position as the largest market by sales volume for Cadillac, the drop in Cadillac China sales during the third quarter represents a new setback for the luxury marque. In fact, the third quarter performance tipped the balance into the red for the year-to-date total.
Although Cadillac does not share individual sales figures for each model, a big part of the reason for the drop in Cadillac China sales during Q3 was due to the notable decline in deliveries of the best-selling Cadillac CT5. The 18,000 deliveries reported by the brand for the third quarter represents a 14.3 percent drop compared to the 21,000 units reported during the same period last year, subtracting approximately 3,000 units from the bottom line. Additionally, the sedan’s performance fell even further on a quarter-over-quarter basis, as CT5 sales totaled 26,000 deliveries during Q2.
However, this means that the biggest reason for the drop totaling 11,450 units year-over-year was the result of bigger drops in the rest of the brand’s models, despite a fresh lineup of vehicles with the all-new, second-generation Cadillac CT6 and the refreshed XT4. For its part, the all-electric Cadillac Lyriq continues to make slow yet steady progress that has not yet allowed it to shine in the Chinese market.
We're not aware of any plans to bring the updated XT6 to North America.
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