Cadillac expects major growth in China
The report cites Cadillac's own forecasts, which put its 2014 sales in the PRC at 70,000 units after cresting 45,000 vehicles at the end of August. Provided the sales pace holds true through 2015, the brand would hit its new 100,000-unit sales goal, AN reports.
"We're very optimistic about the luxury market, we believe that the luxury market by 2016 here will become the largest luxury market in the world, surpassing even the size of luxury in Europe," GM China President Matthew Tsien told AN. "With [Cadillac president] Johan [de Nysschen], we have somebody that really is an executive that understands luxury, but he also is very, very keen on understanding what do we need here in China for Cadillac to be successful."
Here's hoping de Nysschen, who pushed for Cadillac's move to New York City, is able to figure out what the brand needs to be successful not just in China, but here in the United States, as well.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models