Cadillac CT4 Average Transaction Price Up 19 Percent In Q2 2022
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The average transaction price of a Cadillac CT4 rose by nearly 20 percent in Q2 2022 amid increased demand for the small luxury four-door.
The average transaction price for a Cadillac CT4 in the three months from April until the end of June stood at $50,852, a 19.2 percent increase year-over-year. Sales of the Cadillac CT4 were also up during this time period, rising 13.63 percent to 2,617 units.
Deliveries of the pricy Cadillac CT4-V Blackwing are likely one reason for this fairly significant average transaction price increase. The CT4-V Blackwing entered production last July, so sales of this model would not have been factored into the nameplate’s average transaction price for Q2 in 2021. The CT5-V Blackwing and CT4-V Blackwing are also now being produced in higher numbers after the GM Lansing plant in Michigan was shuttered for much of 2021 due to the semiconductor chip shortage.
Pricing for the 2022 model-year Cadillac CT4-V Blackwing started at $60,390, however the base price has risen by $1,500 to $61,890 for the 2023 model year. For reference, a base Cadillac CT4 Luxury starts at $35,790.
Another reason for the average transaction price increase during the second quarter of 2022 has to do with GM building higher-spec variants of the Cadillac CT4, which are better equipped and obviously purchased at higher prices than those sold during Q2 2021.
The Cadillac CT4-V Blackwing is an ultra high-performance variant of the compact luxury sedan that comes standard with GM’s twin-turbocharged 3.6L V6 LF4 gasoline engine, which is rated at 472 horsepower and 445 pound-feet of torque. Output is routed through a six-speed manual transmission as standard, while the GM 10-speed automatic is available as an optional upgrade.
For the 2023 model year, the CT4-V Blackwing introduces a trio of new special Track Edition models, which will each be limited to 99 units, along with a new enclosed shipping carrier option and a new Maverick Noir Frost exterior paint color, which replaces the Dark Emerald Frost paint color. The start of regular production for the 2023 Cadillac CT4 lineup began on July 18th, 2022.
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The Blackwing edition looks fantastic and I would love to have one in my garage!!
And drive it on the track at Mid Ohio!!
Can we have some Blackwing sales numbers, please?