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General Motor's Cadillac Global Sales Rise in November
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General Motors Company’s (GM - Free Report) Cadillac brand’s global sales increased 32.8% to 30,849 vehicles in Nov 2016. With this, for the sixth consecutive month, the automaker reported double-digit percentage rise in Cadillac sales. In the last five months, the sales increase was more than 20%.
Cadillac performed well both in the U.S. and China. In Nov 2016, total sales in the U.S. rose 14.5% while retail sales went up 17%. Sales in the U.S. benefitted from higher sales of Escalade and the all-new XT5 crossover. Escalade sales increased 24%, marking the best November since 2007. The all-new XT5 crossover also recorded the best sales since its launch earlier this year.
In Nov 2016, Cadillac’s sales in China jumped 69.8%, thus achieving a new record. Cadillac brand’s year-to-date vehicle sales in China crossed the 100,000 mark on Nov 25, 2016. With this, retail sales across China as of Nov 25, 2016, marked a 54% year-over-year increase. Thus, the brand emerged as the fastest growing luxury car brand in the Chinese market.
General Motors not only benefitted from the increase in sales but also gained from the higher transaction price. In Nov 2016, Cadillac’s transaction price in the U.S. went up to the highest level ever of $53,690 per unit.
In the last three months, share price of General Motors increased 10.11% while the Zacks categorized Auto-Manufacturers-Domestic industry saw a 2.71% increase. The company benefitted from better results recorded in the last quarter and its initiatives including expansion of Maven and investment in facilities. Expectations of higher earnings are also drove results.
Zacks Rank & Other Key Picks
General Motors currently carries a Zacks Rank #2 (Buy).
Other favorably ranked companies in the auto space include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and Rush Enterprises, Inc. (RUSHA - Free Report) .
Allison Transmission has a long-term growth rate of 11%.
America's Car-Mart has a long-term growth rate of 45.50%.
Rush Enterprises, carrying a Zacks Rank #2, has a long-term expected growth rate of 15%.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
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General Motor's Cadillac Global Sales Rise in November
General Motors Company’s (GM - Free Report) Cadillac brand’s global sales increased 32.8% to 30,849 vehicles in Nov 2016. With this, for the sixth consecutive month, the automaker reported double-digit percentage rise in Cadillac sales. In the last five months, the sales increase was more than 20%.
Cadillac performed well both in the U.S. and China. In Nov 2016, total sales in the U.S. rose 14.5% while retail sales went up 17%. Sales in the U.S. benefitted from higher sales of Escalade and the all-new XT5 crossover. Escalade sales increased 24%, marking the best November since 2007. The all-new XT5 crossover also recorded the best sales since its launch earlier this year.
In Nov 2016, Cadillac’s sales in China jumped 69.8%, thus achieving a new record. Cadillac brand’s year-to-date vehicle sales in China crossed the 100,000 mark on Nov 25, 2016. With this, retail sales across China as of Nov 25, 2016, marked a 54% year-over-year increase. Thus, the brand emerged as the fastest growing luxury car brand in the Chinese market.
General Motors not only benefitted from the increase in sales but also gained from the higher transaction price. In Nov 2016, Cadillac’s transaction price in the U.S. went up to the highest level ever of $53,690 per unit.
GENERAL MOTORS Price
GENERAL MOTORS Price | GENERAL MOTORS Quote
Price Performance
In the last three months, share price of General Motors increased 10.11% while the Zacks categorized Auto-Manufacturers-Domestic industry saw a 2.71% increase. The company benefitted from better results recorded in the last quarter and its initiatives including expansion of Maven and investment in facilities. Expectations of higher earnings are also drove results.
Zacks Rank & Other Key Picks
General Motors currently carries a Zacks Rank #2 (Buy).
Other favorably ranked companies in the auto space include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and Rush Enterprises, Inc. (RUSHA - Free Report) .
Both Allison Transmission and America's Car-Mart sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Allison Transmission has a long-term growth rate of 11%.
America's Car-Mart has a long-term growth rate of 45.50%.
Rush Enterprises, carrying a Zacks Rank #2, has a long-term expected growth rate of 15%.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>