The Price is Right

Like the Chevrolet Corvette, the 2023 Cadillac Lyriq will start under $60,000

The 2021 Cadillac Lyriq is a whole new take on luxe mobility for the company.

Photo courtesy of Cadillac

The Cadillac Lyriq will start at less than $60,000 when it debuts in late 2022 or early 2023, Steve Carlisle, president of General Motors North America, said Wednesday.

Cadillac won't announce official pricing anytime soon, but as the brand transitions to an all-electric portfolio, the Lyriq midsize crossover and other EVs have to be able to replace its current gasoline-powered vehicles, Carlisle said at the JP Morgan Auto Conference.

2023 Cadillac Lyriq Cadillac is expected to infuse the Lyriq with a host of modern technology including its hands-free Super Cruise driving system. Photo courtesy of Cadillac

"We need to be in the same price zone," said Carlisle. "This car will need to be priced similar to how the industry prices midsize lux SUVs today, maybe a slight premium at the outset. It's a price that won't be high five digits. It won't start with a seven and it won't start with a six."

At that price it won't be Cadillac's priciest SUV - that will solidly be the Escalade - but it likely will be its most expensive two-row SUV. It's about the same size as the Cadillac XT5, which starts at near $45,000 and can go higher than $70,000 with all the options boxes checked.

General Motors is going all-in on battery-powered vehicles. The company recently announced a partnership with EVgo that will add 2,700 charging stations to the grid over the next several years. The first of those stations is set to go online next year.

Cadillac isn't the only arm of the Detroit-based automaker that is getting electric vehicles. The company recently outlined what's ahead for each brand. Chevy will have en electric utility vehicle coming to market in the near future and the GMC Hummer EV truck and SUV are well on their way. There are additional vehicles in the pipeline as well.

It was also recently revealed that GM CEO Mary Barra has entertained the idea of changing the company's name to better align it with their vision of the future of mobility.

Trending News

 
 

What was your best car-related experience this year?

Chris Teague

This year has been a lot of things, but it hasn't been boring. Even if we focus only on the car world, there's plenty to talk about, from microchip-related new vehicle shortages to the wave of new electric vehicles hitting the market. That leaves us with a question for all of you: What was the best or most memorable car moment for you in 2021? I'll get the conversation started.

Porsche Cayenne GTS My SoCal Cayenne śaw snow for the first time in its nearly 200k-mile life last week.Chris Teague

I'd spent a good portion of 2021 wanting a new-old car to drive when I wasn't testing a new vehicle. That's harder than you'd think for someone who thinks, talks, and writes about cars all day, because there are so many interesting, risky, and downright funky options out there in every price range. The added headache for me was that I'd chosen to shop for a "fun" car in one of the most volatile car markets ever seen. Even the extremely high-mileage "untouchable" European cars I wanted to buy were commanding ridiculous prices.

After a solid few months of waffling between various rattletrap Mercedes-AMG, BMW M, and Audi S/RS cars, I landed on an option that had escaped me before: The Porsche Cayenne. First-generation Cayennes are a real bargain now, but the 955/957 (Porsche's internal code for the SUVs) can experience major problems that occur with or without regular maintenance and care. I was determined to buy one, and wasn't overly concerned about mileage, as long as I could count the number of owners on one hand. There was a beautiful 2009 Cayenne GTS with 90,000 miles but nine owners, a gorgeous 2004 Cayenne Turbo with a concerning engine tick, and many more just like them. Finally, I decided to risky-click a 196,000-mile Cayenne GTS in Southern California. It had one owner and one dealer-owner for a month or two prior to sale, its condition looked decent in photos, and I was able to negotiate a reasonable enough price that shipping it from San Diego to Maine wasn't a huge problem.

Porsche Cayenne GTS The pics look great, but hands-on tells another story.Chris Teague

I had two traveling Euro mechanics check the car out, and both confirmed that it was well-worn but mechanically sound, so I jumped. Ten days later, on a snowy, icy, dark Maine afternoon, the Cayenne arrived. Cosmetically, there were a few things the dealer and mechanics failed to mention, but overall, it looked good. The SUV passed Maine safety and emissions testing without problem, got a new set of Michelins, and I was on my way.

Porsche Cayenne GTS I'm in danger, but thankfully this should be a reasonable fix.Chris Teague

A few days of driving revealed what I was really in for. A check engine light revealed a camshaft position sensor error and the Cayenne displayed a nasty vibration at idle. A new sensor and motor mounts, and I'm on my way. I'll update you as more things break or miraculously work, but I want to hear your memories from 2021.

Email me at chris@automotivemap.com, and I will compile the best and most interesting stories for a story on New Year's Day. May you all have a wonderful 2022.

Trending News

 
 

Insurance company Hagerty compiled a list of cars it thinks will climb in value and price.

Hagerty

Vehicle prices have grown across the board this year, but collector car prices have been on the move for years. The world of online car auctions and car shows such as Radwood have driven attention to obscure and otherwise unknown cars, pushing their prices. Insurance and overall automotive lifestyle company Hagerty is stepping in to help. It complied a list of vehicles that it believes are currently a good value and have potential to climb. The Hagerty Bull Market List covers ten vehicles of all types.

Hagerty’s list is expansive, covering several vehicle types, prices, and time periods. The list features vehicles built between 1963 and 2012, and is designed to nudge people into buying cars before they become unattainable. This is especially important now, as online auction sites have moved the markets for some previously obscure cars well past the point of reason.

The Bull Market List isn’t intended to give you an inside track on car values so that you can flip them for quick profit. Instead, the list should give you the push you need if you’re already on the fence about buying a car to keep and drive a cool vehicle. Hagerty wants people to buy the cars and have the ability to pass them on to other enthusiasts without charging exorbitant prices.

The Bull Market List includes (with excellent condition pricing):

  • 1965-1970 Cadillac DeVille ($28,800)
  • 1969-1974 Ferrari 246 Dino ($365,800)
  • 1983-1997 Land Rover Defender ($61,400)
  • 1979-1985 Mazda RX-7 ($17,600)
  • 1962-1967 Mercedes-Benz 230SL ($80,500)
  • 1963-1967 Pontiac GTO ($100,200)
  • 1992-1995 Porsche 968 ($38,000)
  • 1985-1995 Suzuki Samurai ($10,200)
  • 2008-2012 Tesla Roadster Sport ($97,000)
  • 1975-1993 Volvo 245 ($15,800)

If you’re considering one of the vehicles on the list and have the means, it’s a good idea to act in the near future. Vehicle prices are rising due to supply chain shortages to the point that even older cars are climbing. That, plus the effects of online car auctions, have made it hard to find a good value car.

From Your Site Articles

Trending News