General Motors Celebrate 20 Percent Sales Growth In FY 2022 In The Middle East Team / Posted On - February 23rd 2023

General Motors Middle East today announced a 20 per cent growth in sales figures in FY 2022 compared to 2021 as it heads towards an all-electric sustainable future. Its subsequent brands’ consistent performances across the GCC and Levant lead to these strong results.

General Motors and its sub-brands sales growth in FY 2022

Cadillac, Chevrolet and GMC have outperformed their key segments and registered yearly record sales ranking among the best annual performances of the past decade which resulted in growing GM’s total market share.
Chevrolet UAE enjoyed record numbers in 2022, marking the best regional sales since 2017, while in Kuwait the brand registered the strongest performance since 2015. Overall, YoY (Year on Year) sales performance for the brand in the region grew by 22 per cent, spearheaded by the Chevrolet Captiva, the Chevrolet Tahoe and the Suburban nameplates also resonated well with the regional audience in 2022.
GMC's annual sales increased by 17 per cent in comparison to the previous year led by its Yukon flagship. The GMC Sierra also performed well, lifted by great appetite and reception of its new variants for the 2022 calendar year. GMC Yukon and Sierra’s growth were underpinned by strong demand for its sub-brands - Denali and AT4, each of which appeals to an ever-younger customer base.
GM's luxury brand, Cadillac recorded its highest sales since 2015, championed by the symbolic the Cadillac Escalade SUV, XT4 crossover and CT5 sports sedan which recorded their highest annual sales ever. Overall, Cadillac sales increased to 21 per cent across the Middle East, with some markets showing a strong resurgence to decade-besting annual sales numbers. Looking ahead to 2023, Cadillac Middle East will begin the rollout of a new electric vehicle range beginning with the Cadillac LYRIQ, which represents Cadillac's take on luxury EV mobility.
On the aftersales front, customer satisfaction continues to be a top priority for GM Middle East as the company reimagines customer journeys in anticipation of the arrival of connected electric vehicles. In 2022, the function witnessed record growth in customer retention compared to 2021, reflecting consumer confidence and trust in dealership capabilities with customer servicing and maintenance.
GM’s Genuine and ACDelco service parts brands saw high demand as the company now also expanded its business to cater to non-GM-brand service parts as it diversifies and grows its operations within the automotive after-sales and service industry.
Middle east – General Motors has a long-term goal of transforming its operations into a connected, electric, and autonomous future guided by its vision of a future with Zero Crashes, Zero Emissions and Zero Congestion. To meet this vision, GM is working with a diverse cross-section of stakeholders, be it private entities or government partners, to roll out electric vehicles, autonomous vehicles and pioneering mobility solutions in support of local ventures. Alongside public-private collaborations and a wider vision to elevate mobility technology, General Motors will continue to bring innovative products to the market.
In recent weeks, General Motors reported a fourth-quarter 2022 revenue of $43.1 billion globally, net income attributable to stockholders of $2.0 billion and Earnings before interest and tax (EBIT)-adjusted of $3.8 billion. GM’s full-year 2022 revenue was $156.7 billion, net income attributable to stockholders was $9.9 billion and EBIT-adjusted was a record $14.5 billion. Results were at the high end of the company's revised EBIT-adjusted guidance range.

A word from the Officials

Jack Uppal, President and Managing Director, General Motors Africa and Middle East said, “The growth we have seen across our brand performance this past year, putting in place the groundwork to driving the future of mobility that we strongly believe in. It is a testament to our work to make our vision of a world with Zero Crashes, Zero Emissions and Zero Congestion a reality. As a team, our commitment to our customers in the region remains unwavering. We will continue to work with private partners and governments across the Middle East, to drive forward a shared mission of zero crashes to make sure every driver gets home safe every day; zero emissions to leave our children a cleaner planet; and zero congestion to give our customers back their precious time. And we are confident that our pioneering pipeline of EVs, AVs and mobility solutions is set to actively contribute to achieving this vision.”

Latest News

Toyota Launches The 2024 Prado In The UAE! Startin...
The Bugatti Tourbillon | V16 Powered Chiron Succes...
2025 All-New Audi e-tron GT! New Variants and More...
Audi Middle East Sets New Benchmark In Class Leadi...
The GMC Hummer EV SUV and Pickup Lands In UAE and ...
Audi Middle East Welcomes The New Q8 SUV To Elevat...

Popular News

Article Image
Best SUVs To Buy Under AED 100,000 in UAE in 2024
Article Image
Best New Cars To Buy In UAE Under AED 100,000!
Article Image
All-New 2024 Toyota Land Cruiser Prado Returns To Rule The Off-Roads!
Article Image
Top 10 Best Chinese Car Brands In The UAE
Article Image
Top 10 New Hybrid Cars To Buy In UAE Under AED 230,000
Article Image
Top 10 Chinese Cars To Buy In UAE In 2023!
Article Image
10 Best New SUVs To Buy In UAE Under AED 80,000
Article Image
Top 10 Most Fuel Efficient Cars in UAE | Fuel-Efficient Car in Dubai
Article Image
10 Important Things To Know About the 2024 Toyota Land Cruiser Prado Before Its UAE Launch
Article Image
2024 Toyota Land Cruiser 70 Series Revealed!