The first units of the 2023 Cadillac Lyriq began arriving at U.S. dealers in July, with production getting underway at the GM Spring Hill plant in Tennessee back in March. Now, a used example of the 2023 Cadillac Lyriq was recently listed for sale online.
Posted online by Woody Folsom Auto Group in Baxley, Georgia, this pre-owned 2023 Cadillac Lyriq Luxury crossover is covered in Satin Steel Metallic paint, which is paired with a Sky Cool Gray interior. The Dynamic Split Spoke Reverse Rim alloy wheels with a Polished / Gloss Black finish are sized at 22 inches in diameter. The odometer reads 3,122 miles.
Highlights include a 19-speaker AKG Studio stereo system, 33-inch diagonal color LED infotainment display, built-in Google apps, navigation, voice recognition, and wireless Apple CarPlay / Android Auto, as well as Active Noise Cancellation, SiriusXM with 360L, and a Wi-Fi hotspot.
The onboard 102 kW, 12-module GM Ultium battery system and GM Ultium motor drives the rear wheels with an estimated 340 horsepower and 325 pound-feet of torque. Range-per-charge is estimated at 300 miles with the pack topped off. Under the skin, the Cadillac Lyriq rides on the GM BEV3 platform.
Now, this used 2023 Cadillac Lyriq is listed for sale at $94,935.
Notably, the Cadillac Lyriq was not included in GM’s recent 6-month ownership period requirement. For those readers who may have missed it, GM previously implemented an ownership period requirement for high-demand models like the 2023 Corvette Z06, GMC Hummer EV, and Cadillac Escalade-V, stipulating that owners would need to own their vehicle for at least 6 months before selling it in order to prevent folks from quickly “flipping” the vehicle for an easy profit. This ownership period was previously set at 12 months, but GM later lowered the requirement to 6 months.
Production of the Cadillac Lyriq is ramping up now, with GM targeting 25,000 units per year.
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Comments
They probably traded it in for an ICE Vehicle. Ha ha ha ha
Came to see how high over MSRP it was listed, holy cow, good investment for the person who traded it!
I did the same with a Tesla Model 3, made 13k profit on the trade after 6 months of ownership
“holy cow, good investment for the person who traded it!”
Doubtful. More like a good investment for the dealer that bought it back.
That’s really not a given, they very likely gave the trader a value decently close to their sale price, wouldn’t doubt they offered them 85k.
cars arent trade chips for wealth. you dont buy a car to flip it in the future. people like that ruin the industry
did not understand, how could be used if the year 2023 did not started, we are still on 2022…
Think fiscal year, not calendar year.
sorry maybe i am dumb, did not get… sorry physically product is there, so it is 2022 model
A car’s ‘model year’ has become a slippery number among automakers. I blame Elon Musk who does not even assign model years to his products.
You can blame Elon Musk, but that’s wrong. Tesla doesn’t even bother with model years, so how does that even make any sense?
Model years have always started at totally random times. It isn’t some new thing.
it’s actually the engineering date. The vehicle is labeled a 2023 because that is what they engineered for 2023.
It is considered “used” if it has been titled and driven off the lot. Model year means nothing. The 1965 Mustang was introduced in April of 1964. Those are sometimes referred to as “64 1/2” but were most likely titled as 1965s. Even then, the normal switch over for model years happened in fall. I had a 1964 Ford Galaxie – according to data plate it was made in September of 1963.
It’s not even an AWD model. Reserved mine 2 months ago. Actually had a call from the dealer a month later. They say there will be no dealer markup. We shall see.
Why is this 30k over msrp as a used vehicle? I know this vehicle is hot rn but this is price gouging at its finest.
Jeff:
If someone pays it, who cares? No one is being forced to buy it.
Megeebee
I think your missing my point here. I have 1 preorded for a almost a year now and allowing these dealerships to sell this high over msrp is a way of testing the waters and see how much people will actually pay. My dealership has already told me that the lyriq will be selling for 10k over msrp. Selling at prices like these I would not be surprised if a lot of the preorders go unfulfilled and people start canceling there orders.
$94,935?! I remember the “old days” when you drove a car off the lot and it decreased in value by 10%. Now it increases by 30%.
Maybe it’s an owner wanting to “flip” his nearly new car? The price tells me this might be the case. The Lyric is very popular so far and perhaps this person has decided to make a profit from someone who doesn’t want to wait.
The price doesn’t matter so much as how much it’s ultimately purchased for.
Woe is the idiot who will pay that price, instead of waiting a bit and buying it at the official Cadillac price. It is not even gold plated to cost that much (Cadillac did sell a gold plated car decades ago).
I bet the original owner is actually the dealership owner or management. They got a hot car for themselves to flip for even more money.
OK, What is the real reason they got rid of it ? It’s not stated in the article. I bet they went back to a good old gas vehicle, just saying !!!
Most likely this was a “demo” car that the owner of the dealership drove around for a few months. Many states have laws on how many miles a car can have before it is considered used. This may never have been sold to anyone and the dealership is just trying to take in some extra profits.
That was my thought also. A demo which is usually kept for about 3k miles.
Way too many $s for a vehicle that requires so much time and attention – just to keep it charged and moving? And all the unnecessary electronic gadgets to lure the buyer only serve to limit the true potential range of the vehicle, which is likely less in reality. I’m sure it’s fun to drive and a nice space to inhabit, but looking foolish is not positively impressive IMHO.
That’s why they come with dark tinted windows. People realize this and are thankful for it after owning it for a time. Say, about 3,000 miles?
Dumbest name emblem ever. LYR/Q. Seriously? How many people will see this and think it is pronounced “Leer Q”
Still waiting for the founder edition. HaHa
I’m on the list for 1 of the 2nd round of production… My dealership has 6 allocated (I’m #5), and 120 people on the waiting list. Car will hopefully be delivered in April (but no promises yet). With so few being produced & 120 people in line ahead of you, somebody who wants 1 must wait a couple of years, or buy a “gently used” 1 that somebody is looking to flip for a premium. There are only a handful for sale at any price, & the 1 in following on eBay just dropped to 85k. I think some people who have them are testing the waters to see how bad some people want 1. Oh, & GM is managing the reservations at corporate (in conjunction with dealers) to keep dealers from being coerced/bribed into bumping people up the line.
Saw this VIN run across auction for $87k
Obviously some people can’t accept that the thing has some serious limitations, especially for the price. Blinded by all the fancy lights?
My 3,000# sedan, from the same company, will reliably travel 300 miles, leaving 150 miles over which to find a working gas pump. Plus, it came with a Corvette-tuned suspension.
Customer probably paid way over MSRP, now what’s to recoup his poor judgement, GM has announced that the starting price for the 2024 Cadillac Lyriq will be $60,000.
If paying $94K for a LYRIQ, it better be Premium Luxury or Sport AWD fully loaded near that price which I doubt will come to anyway. Perhaps a fully load V model slated during the middle of the life cycle can have similar pricing.