Cadillac Mexico Sales Fell 27 Percent In December 2023

Cadillac Mexico sales decreased 27 percent to 131 units in December 2023 compared to December 2022.

Individual model sales performance was as follows:

Cadillac CT4 sales have not yet commenced in Mexico
Cadillac CT5 sales have not yet commenced in Mexico
Cadillac Escalade sales decreased 10.69 percent to 117 units
Cadillac Lyriq sales totaled 1 units
Cadillac XT4 sales decreased 95.45 percent to 1 units
Cadillac XT5 sales decreased 53.85 percent to 12 units
Cadillac XT6 sales have not yet commenced in Mexico

During the complete 2023 calendar year, Cadillac Mexico sales decreased 24.5 percent to 1,150 units.

Sales Results - December 2023 - Mexico - Cadillac

MODEL	DEC 2023 / DEC 2022	DECEMBER 2023	DECEMBER 2022	YTD 2023 / YTD 2022	YTD 2023	YTD 2022
ESCALADE	-10.69%	117	131	-25.20%	855	1,143
LYRIQ	*	1	*	*	1	*
XT4	-95.45%	1	22	-32.09%	127	187
XT5	-53.85%	12	26	-13.47%	167	193
CADILLAC TOTAL	-26.82%	131	179	-24.49%	1,150	1,523

The Cadillac Society Take

The decrease in Cadillac Mexico sales during December 2023 becomes the 12^th consecutive month that luxury marque’s volume was in the red in the Latin country. Quite expectedly, this brought the marque’s yearly figures into the red. Both drops are a result of sub-optimal inventory levels and muffled demand in the local market.

Once again, all models sold by Cadillac in Mexico saw decreases in sales last month, sapping 48 deliveries from the bottom line on a year-over-year basis. The most significant decrease was that of the Cadillac XT4, which saw sales plummet by almost 96 percent due to insufficient availability. As a reminder, the XT4 received a mid-cycle refresh for the 2024 model year, but units of the updated model have not yet reached Mexico. In addition, both the Cadillac Escalade and the XT5 each lost 14 units during the final month of the 2023 calendar year.

The new Cadillac Lyriq, meanwhile, finally made an appearance on the sales list in Mexico, seeing its first unit delivered several months after the all-electric crossover was announced in the country. It would appear that more units of the Lyriq have not yet reached Cadillac’s EV dealer network in the country. We expect Lyriq deliveries to be more plentiful in January 2024.