Cadillac and Lincoln Get Hammered at the End of 2017

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Cadillac and Lincoln Get Hammered at the End of 2017

© courtesy of Ford Motor Co.

General Motor Co.’s (NYSE: GM) Cadillac and Ford Motor Co.’s (F) Lincoln were bloodied as 2017 ended, as each posted a huge sales drop. Neither could afford the setback as larger competitors posted much better numbers. Cadillac and Lincoln have chased their large import competitors for years. December showed the challenge of their efforts.

Cadillac sales dropped 28.6% to 15,304 in December. Lincoln sales fell 17.0% to 10,619. By contrast, industry leader Mercedes posted a rise of 9.4% to 39,250. BMW’s sales grew 4.3% to 34,253. Audi sales were 16.3% higher to 26,977. The numbers show, once again, the poor appeal of Cadillac and Lincoln cars and light trucks in the U.S. market.

With the exception of its huge Navigator sport utility vehicle, Lincoln posted a drop in sales across all its models. This included its new flagship Continental, which suffered a sales decline of 34.1% to 1,216. Most car brands have enjoyed increases in sales of their SUVs and crossovers, but the MKC, MKX and MKT lines all posted fall-offs in December.

At Cadillac, sales of every single model declined. Sales of its CT6 flagship plunged 52.6% to 841.

[nativounit]

Cadillac and Lincoln have at least two major problems. The first is that their model lines are limited compared to larger import competitors. Mercedes, for example, sells seven SUVs, which range in base price from $33,400 to $123,600.

Lincoln and Cadillac have the additional challenge that niche brands are eating at their sales as well. While Porsche, Jaguar, Volvo and Land Rover do not have large sales individually, as a group they sold over 25,000 cars and light trucks among them in December.

Cadillac and Lincoln may have another difficult year in 2018, if December sales results are any marker. They certainly have very little chance to gain ground, particularly on their German competitors.

[recirclink id=434697]

[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618