Act Fast if You Want a 2024 Cadillac Lyriq
Big hopes are bestowed upon the new Cadillac Lyriq because it represents the brand’s rejuvenation and transition toward a pure-electric future.
By 2035, Cadillac along with GM will be all-electric brands, and the journey toward this goal started with the 2023 Lyriq. The elegant EV was a stunning success, to the point where the entire 2023 initial production run was sold out in under 20 minutes. A fact that forced the company to open order books for the 2024 models. And apparently, demand is not slowing down, 250,000 potential customers manifested their interest, 21,000 of which are identified as serious buyers. And reservations are still open on the Cadillac official website.
Although it seems like the price is of little concern to the 250,000 people already on the waiting list, it’s still a good idea to know how much the 2024 Lyriq would cost. Especially with the current price instability and supply chain issues.
The 2023 RWD base model was priced at $59,990. So, it’s safe to expect a slight increase in the 2024 model year where it would almost certainly go above $60,000. The all-wheel-drive versions meanwhile were priced at $64,000. Delivery charges is where we should see the biggest price change, although no official number was disclosed yet.
It’s completely reasonable to see some slight price increase, the newer models will certainly have some new features and the manufacturing costs are always increasing no matter what.
Act Fast if You Want a 2024 Cadillac Lyriq
Cadillac's global Vice President, Rory Harvey, admitted that 2023 Lyriq production should’ve been larger in scale, the biggest issue that limited the company’s production effort was the semiconductor shortages. EVs required a lot of those, around ten times more than an old-fashioned gas-powered vehicle.
But Harvey is optimistic about the near future, the stock and supply situation is stabilizing, the market is less volatile than it was a few months ago and the automotive sector is showing some recovery signs overall.
The second point that makes Cadillac's global Vice President confident, is the fact that the Lyriq is attracting a wider range of customers, including people who have never owned a Cadillac, and also those who are from younger generations. The 2024 model will hopefully give the company a clear image of its market situation in the coming years.
The new Lyriq may be full of brand-new features. nevertheless, it’s still vulnerable to weather conditions, damage, wear & tear, and a whole host of other dangers that loom around your car. That’s why the first thing that you should do when buying a new car is to get a high-quality custom-made car cover from Coverking, tailored specifically to fit your car and keep it in perfect condition, sheltered from all that can ruin it for you.
