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Cadillac (like Tesla) targets 500,000 annual global vehicle sales by 2020

Discussion in 'TSLA Investor Discussions' started by RobStark, Nov 13, 2015.

  1. RobStark

    RobStark Active Member

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    General Motors Co (GM.N) luxury brand Cadillac aims to increase its annual sales to half a million vehicles worldwide by 2020 from an expected 275,000 this year, Cadillac's top executive said on Tuesday.

    That would boost Cadillac's share of the global luxury vehicle market to 5 percent from 3.4 percent in 2015, said Johan de Nysschen, head of the Cadillac brand for GM.

    Among luxury automakers in the U.S. market, Cadillac is sixth, and is the only among the top eight luxury brands to show a drop in sales this year. Cadillac sales were 95,053 vehicles, through July, down 2.4 percent from the same period a year earlier and less than half the sales of the luxury leaders, BMW AG (BMWG.DE) and Daimler AG's (DAIGn.DE) Mercedes-Benz.

    On its way to a half million vehicle sales a year globally, Cadillac targets sales of 350,000 in 2018 and 400,000 in 2019.

    http://www.msn.com/en-us/money/companies/gms-cadillac-targets-500000-annual-global-vehicle-sales-by-2020/ar-BBlElMI#image=1

    I think this is another interesting benchmark for Tesla; beat Cadillac to 500k global annual sales.

    Also, GM is expecting premium priced vehicle sales to grow by roughly a third over the next five years. China alone was on track to provide that growth but not so sure anymore.

     
  2. electracity

    electracity Active Member

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    There a difference:
    Tesla can't make 500,000 vehicles in 2020
    Cadillac can't sell 500,000 vehicles in 2020

    I wonder who buys cadillac?
     
  3. tftf

    tftf Member

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    The Chinese:

    GM’s Global Sales, Cadillac Get Boost From China - WSJ
     
  4. RobStark

    RobStark Active Member

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    Tesla will almost certainly be able to make 500k vehicles in 2020.

    1)Midwesterners
    2)Southerners.
    3)Chinese.
     
  5. MitchJi

    MitchJi Active Member

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    4) Prius buyers.

    Compared to the Prius the M3 will be a no-brainer. Zero gasoline vs less gas. Plus who wouldn't prefer to drive a car with MS derived performance vs a Prius?
     
  6. RobStark

    RobStark Active Member

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    The list was of people who buy Cadillacs :)
     
  7. EVNow

    EVNow Active Member

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    I thought Buick was the "Cadillac" of China.
     
  8. MsElectric

    MsElectric Active Member

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    I thought Cadillac was the China of cars :)
     

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