Cadillac Escalade Average Transaction Price Tops $111,000 In Q4 20220
The 2023 Cadillac Escalade represents the third model year of the fifth generation of Cadillac’s perennial luxury full-size SUV. With a starting MSRP of $82,690, the Escalade doesn’t come cheap. However, Escalade customers have been willing to pay much more for the Caddy SUV, as the average transaction price of the 2023 Escalade crested $110,000 last year.
According to a recent Cox Automotive report, the ATP of a Cadillac Escalade rose four percent in Q4 2022 as compared to the same timeframe in 2021, bringing this figure to $111,622. Meanwhile, the Escalade ESV’s ATP also rose by four percent, to $112,301. These results contradict the luxury marque’s Q4 2022 ATP figure across all nameplates, which saw a 9.6 percent year-over-year drop to $69,721. As a whole, Cadillac sold 39,135 vehicles in Q4 2022, representing a large 75 percent increase over Q4 2021 numbers. In fact, every single Cadillac model posted sales increases as compared to the 2021 figures.
Overall, GM preformed quite well in sales for Q4 2022. In fact, the Detroit-based automaker reclaimed its sales crown from Toyota for the 2022 calendar year after the Japanese-based automaker took it in 2021. In regards to Q4 2022 ATP figures, GM posted $52,849 per vehicle, which is down slightly from Q4 2021 numbers. However, this is still a strong showing as compared to pre-COVID years.
Sales Results - Q4 2022 - USA - Cadillac
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As a reminder, the 2023 Cadillac Escalade is offered with three engine choices. These powerplant options include the standard naturally aspirated 6.2L V8 L87 gasoline engine, rated at 420 horsepower and 460 pound-feet of torque, and the optional 3.0L I6 LM2 turbodiesel Duramax, rated at 277 horsepower and 460 pound-feet of torque. Available only on the high-performance 2023 Escalade-V is the supercharged 6.2L V8 LT4 gasoline engine, which churns out 682 horsepower and 653 pound-feet of torque.
Under the skin, all Escalade models ride on a variant of the GM T1 platform, while production kicked off on July 18th, 2022 at the GM Arlington plant in Texas.
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