First Production 2016 Cadillac CTS-V Sells For $170,000 At Barrett-Jackson
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Want the rights to the first production 2016 CTS-V? Too bad, some lucky and very wealthy Cadillac enthusiast has beat you to the punch, buying them up for $170,000 at at Barrett-Jackson’s ongoing Scottsdale 2015 auction. The first CTS-V has yet to roll off the assembly line at General Motors’ Lansing Grand River plant, but the writer of that three-figure check will be able to order the very first car to their liking, which will arrive to them with a letter of authenticity proving it’s the real deal.
The 2016 CTS-V just made its official debut earlier this work at the North American International Auto Show in Detroit with a 640 horsepower version of General Motors’ LT4 V8, an eight-speed automatic transmission and rear-wheel drive. We’re expecting the car to be priced at around $80,000 when it goes on sale this summer, however all the proceeds from Barrett-Jackson’s sale, which commenced last night at 6:00 p.m., went to the College for Creative Studies.
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By the time the second one is built the price should come down considerably . I think I’ll wait for the second or third.
Considering the first ’15 Z06 did a cool million and the first ’14 Z/28 did $650K, $170K for this is very weak. I watched the car get auctioned, not much buzz or activity. The other factor may be the charity? Maybe the particular charity receiving the proceeds from this sale held the price down?
Also, earlier in the day, Rick Hendrick , who buys a lot of these “first of” cars, paid $700K for a limited edition 30th anniversary BMW M5, it was also a charity car.
Maybe it was Jay Leno. He owns a Gen 2 CTS-V coupe!
Everybody thinks Leno is everywhere yet he’s very selective in what he buys.
A coupe with a 7 speed would be far more interesting.
Are these cars going to be driven , or just end up in the stable of some millionaires garage . They will be trailer queens . Fortunately I live close to the Grand River plant and will be able to see one . And if they bring one to the union picnic , I can sit in one . =) .
I’d rather wait and pay $80,000. upon its release to public. Paying $170,000. is your way of saying I have money to spare and nothing better to do with it. Wish I had money to blow like that.