Sales of the Cadillac CT5 sedan rose by 70 percent in the second fiscal quarter of 2022. This impressive year-over-year sales hike can be attributed to production increases at the GM Lansing Grand River plant, which is now running at regular capacity after GM was forced to shutter the facility last year due to the global microchip shortage.
While GM likely would have been happy with a major increase in sales for the Cadillac CT5, the nameplate also saw its average transaction prices rise significantly. The ATP for the Cadillac CT5 in Q2 stood at $61,403, a 28 percent increase over last year, according to a recent Cox Automotive sales analysis.
Consumers are purchasing more well-equipped Cadillac CT5 models than before, because GM is likely building more higher-spec variants than those sold during Q2 2021. The year-over-year average transaction price increase may also be chalked up to the introduction of the Cadillac CT5-V Blackwing, which didn’t enter production until July of last year. Pricing for the 2022 model-year Cadillac CT5-V Blackwing began at $85,390, but the base price has risen by $7,000 to $92,390 for the 2023 model year. For reference, a base Cadillac CT5 Luxury starts at $39,590.
The Cadillac CT5-V Blackwing is an ultra high-performance variant of the luxury sedan that comes standard with GM’s supercharged 6.2L V8 LT4 gasoline engine, which is rated at 668 horsepower and 659 pound-feet of torque. The four-door rides on the same GM Alpha 2 platform as the standard CT5, albeit with various performance-minded changes, while production takes place at the same GM Lansing Grand River plant in Michigan.
For the 2023 model year, the CT5-V Blackwing introduces GM’s hands-free Super Cruise feature as an option. It will also be available to order with a new enclosed shipping carrier option, per exclusive GM Authority coverage, and a new Maverick Noir Frost exterior paint color. The start of regular production for the 2023 Cadillac CT5 lineup began on July 11th, 2022.