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FINANCIAL NEWS
Cadillac MidEast sales rise 5% in Q2
14 Jul 2013
(MENAFN) Cadillac, General Motors’ luxury brand, recorded a 5 percent increase in second-quarter sales in the Middle East from a year ago, Arabian Business reported.
This was driven by regional dealers recording their best second quarter sales in the region since 2008.
Cadillac sales in the UAE, the brand’s second largest market in the Middle East, surged 25 percent between April and June compared to the same period last year.
GM said sales in the region were boosted by both the recently launched 2013 Cadillac XTS luxury sedan and the all-new Cadillac ATS, the brand’s new entry into the world’s most significant luxury car segment.
Sales of the Escalade, the region’s most popular full-size luxury SUV, rose 3 percent from a year ago.
Also, regional sales of Cadillac cars climbed 14 percent in May from a year earlier, as dealers recorded their best May sales month ever.
The brand’s sales were boosted by the GCC, as figures in Saudi Arabia, Cadillac’s largest market in the Middle East, jumped 31 percent year-on-year.
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