According to a Thursday report, the next-generation luxury SUV will see a $10,000 price hike. Recall, the 2018 Escalade starts at $74,695, which will peg the next model to start around $85,000. The long-wheelbase Escalade ESV should start around $88,000, according to sources familiar with the knowledge.
The price increase will mean the most luxurious Escalade variants will likely encroach the $120,000 mark. Currently, the most expensive Escalade tops out around $100,000, as does its most direct rival, the Lincoln Navigator.
While such a price hike may seem unwarranted, the average Escalade sold today sells for prices in the $85,000 to $90,000 range. Thus, bumping the price point to fall in line with the average sale makes sense. Cadillac may also have new full-size crossover in the works aside from the Cadillac XT6 that the price shuffling may make room for.
Look for the 2020 Escalade to debut sometime in 2019 as a 2020 model with greater differentiation from the Chevrolet Tahoe and GMC Yukon. We may see an independent rear suspension and three powertrain options, too.