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Cadillac sales up 16% per S/D November 2010

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Cadillac sales rose 21% year over year or 16% when per sales day is considered in Nov 2010 over Nov 2009.  When only retail sales and not lower margin rental fleet sales are considered then sales were up a significant 46%!

CTS sales slipped to just under 4K for the month, down somewhat from October sales.  The SRX continues to please at just over 4K sold in the month.

The DTS sales are just holding on, and are ripe for the arrival of the upcoming new design XTS sedan.


 November
(Calendar Year-to-Date)

January – November

2010 2009 % Chg Volume %Chg per S/D
2010 2009 %Chg Volume
Selling Days (S/D) 24 23





CTS 3,727 2,705 37.8 32.0
40,485 34,637 16.9
DTS 1,384 1,408 -1.7 -5.8
17,102 15,429 10.8
Escalade 1,347 1,618 -16.7 -20.2
13,832 14,736 -6.1
Escalade ESV 763 507 50.5 44.2
7,412 5,713 29.7
Escalade EXT 197 145 35.9 30.2
1,816 2,160 -15.9
SRX 4,076 3,004 35.7 30.0
45,229 15,251 196.6
STS 307 279 10.0 5.5
4,144 5,677 -27.0
XLR 0 55 ***.* ***.*
187 744 -74.9
Cadillac Total 11,801 9,721 21.4 16.3
130,207 94,347 38.0

Summary from the release:

Cadillac, the fastest-growing luxury brand in the United States, reported total sales of 11,801 for November – 21 percent higher than last November, with retail sales increasing 46 percent. November was the 10th consecutive month of year-over-year total and retail sales gains. SRX retail sales were up 39 percent, compared to a year ago. CTS retail sales rose 97 percent, driven by strong demand for the all-new CTS Coupe. Total sales for Cadillac are up 38 percent for the year.

GM achieves third consecutive quarter of profitability

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We don’t know yet what is possible for the new GM now that it is ‘hitting on all cylinders’, but certainly making money is core to making more exciting new products.

GM achieves third consecutive quarter of profitability and positive cash flow
Net income of $2.0 billion, earnings per share of $1.20

DETROIT, Mich. – General Motors Company today announced that for the third quarter ending September 30, 2010, the company generated:

  • Revenue of $34.1 billion
  • Net income attributable to common stockholders of $2.0 billion
  • Earnings per share on a fully diluted basis and adjusted for 3-1 stock split of $1.20
  • Earnings before interest and tax (EBIT) of $2.3 billion
  • Net cash flow from operating activities of $2.6 billion
  • Free cash flow of $1.4 billion

“As demonstrated by our third consecutive quarter of profitability and positive cash flow, these results continue our significant progress,” said Chris Liddell, vice chairman and chief financial officer.

GM North America had EBIT in the third quarter 2010 of $2.1 billion, up from $1.6 billion in the second quarter.  GM Europe had a loss before interest and taxes of $0.6 billion, down from a loss of $0.2 billion in the second quarter.  GM International Operations posted EBIT of $0.6 billion, down from $0.7 billion in the second quarter.

Net cash flow from operating activities was $2.6 billion and after adjusting for capital expenditures of $1.2 billion, free cash flow was $1.4 billion.

GM expects to also report positive EBIT for the fourth quarter, albeit at a significantly lower run rate than each of the first three quarters, and profitable year-end results for calendar year 2010.

Cadillac Sales 15% up in Oct 2010

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Cadillac sales were up 15% (19% per sales day) over Oct 2009.  Cadillac CTS sales continued to shine above 4K units per month, along with SRX sales at almost 4,500 units per month.  Escalade sales were down slightly but strong.

Overall, the current incentives and sales packages are working for the CTS.  The SRX continues to shine.  I am excited about the upcoming 2012 XTS, to ‘renew’ the DTS/STS lines.   The addition of the 2013  ATS as an expansion to the Cadillac range should be perfect, perhaps raising sales (hopefully) to 20-25k/month.  Could we see Cadillac sales break 300K per year again during this decade?


 October
(Calendar Year-to-Date)

January – October

2010 2009 % Chg Volume %Chg per S/D
2010 2009 %Chg Volume
Selling Days (S/D) 27 28





CTS 4,242 2,921 45.2 50.6
36,758 31,932 15.1
DTS 1,731 1,896 -8.7 -5.3
15,718 14,021 12.1
Escalade 1,432 2,127 -32.7 -30.2
12,485 13,118 -4.8
Escalade ESV 951 599 58.8 64.6
6,649 5,206 27.7
Escalade EXT 243 178 36.5 41.6
1,619 2,015 -19.7
SRX 4,423 3,477 27.2 31.9
41,153 12,247 236.0
STS 364 355 2.5 6.3
3,837 5,398 -28.9
XLR 7 49 -85.7 -85.2
187 689 -72.9
Cadillac Total 13,393 11,602 15.4 19.7
118,406 84,626 39.9

From the Release:

Cadillac: Total sales of 13,393 for October were 15 percent higher than last October, with retail sales increasing 41 percent. SRX retail sales were up 56 percent, compared to a year ago, and CTS retail sales increased 70 percent. The all-new 2011 CTS Coupe had another great month, up 28 percent, compared to September. With total sales up 40 percent for the year, the brand remains the fastest-growing luxury auto brand in the industry.