US: Cadillac Lyriq Gross sales Improved In Q2 2023 To 1,348

Cadillac reviews 38,877 automobile deliveries in the US through the second quarter of 2023, which is 15 % greater than a yr in the past. 12 months-to-date gross sales amounted to 75,198 (up 21 % year-over-year).

Cadillac’s all-electric automobile gross sales additionally elevated. In Q2, the corporate delivered 1,348 Lyriq, which is the best quarterly outcome up to now. Then again, it doesn’t appear to be a excessive quantity, in comparison with 4 quarters of ramp-up.

A optimistic signal is that Lyriq’s share out of Cadillac’s complete quantity amounted to three.5 % (in comparison with 2.7 % in Q1), indicating that the model is getting extra electrifying.

Cadillac BEV gross sales in Q2 2023:

  • Lyriq: 1,348 (new) and three.5% share

Up to now this yr, Cadillac Lyriq gross sales exceeded 2,300 models (3.1 % of the entire gross sales), whereas cumulatively it is greater than 2,400.

Cadillac BEV gross sales YTD in 2023:

  • Lyriq: 2,316 (new) and three.1% share

It is anticipated that the Cadillac Lyriq manufacturing on the Spring Hill Meeting in Tennessee (since March 2022) will proceed to extend. So much is dependent upon the lithium-ion battery provide from Warren, Ohio (Ultium Cells three way partnership between GM and LG Vitality Resolution), which began manufacturing in Summer season/Fall 2022. GM introduced an extra funding on this manufacturing unit to spice up the battery manufacturing to 50 gigawatt-hours (GWh) yearly.

The mannequin’s specs and pricing are aggressive within the premium phase. Let’s recall that each one variations of the automobile are rated at greater than 300 miles of EPA Mixed vary, whereas the 2024 mannequin yr model begins at an MSRP of $57,195 (plus a $1,395 vacation spot cost). The $7,500 federal tax credit score can doubtlessly deliver the efficient value to only over $51,000.

Mannequin Base Worth Dest. Cost Tax Credit score Efficient Worth
2024 Cadillac Lyriq Tech RWD 20-inch $57,195 +$1,395 $7,500 $51,090
2024 Cadillac Lyriq Tech AWD 20-inch $60,695 +$1,395 $7,500 $54,590
2023 Cadillac Lyriq Debut Version $58,795 +$1,195 $7,500 $52,490

Apart from the Lyriq, Cadillac can also be making ready for different all-electric fashions – the Celestiq, which in Summer season 2022 was seen in camouflage throughout some highway testing forward of market launch this yr, and the all-new Cadillac Escalade IQ (reveal scheduled on August 9, 2023) – see spy images of a check automobile right here and a few attention-grabbing renderings right here.

Sooner or later, Cadillac is predicted to step by step grow to be a totally electrified model, identical to most luxurious/premium manufacturers.