The Cadillac Lyriq is one of two Cadillac vehicles to win the J.D. Power 2023 Canada ALG Residual Value Award for the 2023 model year, alongside the Cadillac CT5, which was ranked best in the Premium Midsize segment.
Automotive resale value has become important to consumers in recent years. The ALG Residual Value Award marks the 2023 Cadillac Lyriq as the vehicle in its segment most likely to keep the highest percentage of MSRP as resale value. As winner of the Premium Electric segment, ALG expects it to be the best among the contenders at retaining original value over three years.
ALG, J.D. Power’s automotive residual value division, evaluates “used-vehicle performance, brand outlook and product competitiveness” using analyst predictions, and crunches sales data with advanced algorithms and AI, to determine the winners.
Per the firm’s press release, it analyzed 272 model lines from the 2023 model year to determine the top 15 brands in 29 segments. ALG picks the premium vehicles it determines are most likely to keep maximum residual value over three years, or mass-market vehicles likely to have the best four-year resale value performance. The award is used as a guide to probable value by the car leasing industry and other automotive sectors.
As in the U.S., the 2023 Cadillac Lyriq is available in Canada with either a rear-wheel drivetrain or AWD. According to Natural Resources Canada, the Lyriq AWD offers an estimated range-per-charge of 494 kilometers, or 307 miles.
Release of the 2024 Cadillac Lyriq is approaching rapidly. GM plans to stop production of the 2023 Cadillac Lyriq on March 17th, 2023, with 2024 Lyriq start of regular production (SORP) scheduled for March 20th, 2023.
The new model year will feature five new paint colors out of the eight available, and will offer a Nappa Leather Package (RPO code PCH) for the Luxury 3 (1SE Equipment Group) and Sport 3 (1SK Equipment Group) trims.
GM also recently added the Tech trim as the entry-level variant for the 2024 Cadillac Lyriq. Production will continue to take place at the GM Spring Hill plant in Tennessee.
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Comments
I wonder how much GM paid for this article
I was able to spend time with the Lyriq last week. I was surprised that it was low more like a car than a SUV.
Inside it was very comfortable and a very nice car.
Compared to the Tesla this car felt like a real car vs something that someone made in a shop some place. The Tesla just lack much detail and styling. Also their quality has been an issue.
So if they can move Tesla cars they should have no trouble here.
Is it a car for everyone no but it should do well for what it is.
Curious what you mean by low? Visually it looks lower compared to typically suvs but it seems to have a reasonable ground clearance. I’ve wondered if the seating position is more sedan like in the Lyriq due to the battery storage under the passenger compartment. While seating position may be lower, is entry/exit similar to other CUVs?
The Lyriq has more ground clearance than the Hyundai/Kia/Genesis models as magazines are questioning if they are appropriately classified as a cuv. Overall been curious how this truly compares and what it’s like in the real world.
It has that kind of Subaru Outback kind feel to the size. It is not low to the ground but the roof is no where near as tall as the XT6.
It has that cross over wagon feel to it. The interior is more car like in seating and dash.
I had heard the government refused to class it as an SUV and I can see why, It is more wagon than SUV.
To be honest I liked it better in person than in photos. The real C pillar is very interesting.
In other words Lyriq is basically a modern station wagon that gets called a SUV/CUV because it’s trendy & leads to higher MSRP.
I hate hight of vehicles like XT6 especially when encountering sharp curves in the road at high speeds. I think the dimensions of Lyriq or the new Trax will become the norm.
The Lyriq is trying I think to fit that cross over car segment.
Cadillac has a tall SUV XT6 like EV coming to counter the Lyriq.
Yeah, the writer here is either unaware, or else he is told to put a positive spin on everything..
The problem with that is everything ends up being spin……
My dealer totally disagrees with the article and seemingly with the vice president in that my BLUE Lyriq – ordered 5/19/22, will arrive 1 year late as a BLACK LUXURY trim 2023 built MID APRIL 2023.
Unless of course, GM is going to LIE AGAIN, and change the order AGAIN – this time to a 2024…
If that is the case, since I have known since I was a teen that I am very sensitive to EMR, that the 5G feature of the 2024s only must be defeatable for me to be able to drive the car.
The current 4G LTE is as bad as I can stand.
You’re such a chronic whiner. Poor you, you didn’t get your Lyriq within a month of being reserved. Start the violins.
Reality is, you’ll benefit by Cadillac delaying the rollout of the Lyriq. Issues have been resolved and now production is ramping up. Plus, the Lyriq is now eligible for the tax credit.
I already explained to you that GM has VIOLATED a contractual agreement…. But please – don’t mess up Mommie’s Basement when you are pretending to be such a great KEYBOARD WARRIOR.
My comments are for the more intelligent here, or non-Minors in any event.
Tesla is the current US EV benchmark. Lyriq will tell if Ultium is a lot if PR fluff or a real rival. I suspect the latter because GM knew it would be going up against not only Tesla but Chinese brands like BYD and Geely that have really advanced technology due to heavy state investment.
Ford EVs have proven good. GM must prove they can match Tesla while not neglecting ICE. Europe is now bv backtracking on 2035 & I suspect efficient ICE & hybrids will be on sale for decades to come in many markets.
The GM models appear to be very sorted and high quality from the ones I have been in. they are much better than the Tesla minimalist interior and styling.
The Ultium Battery is good. The system can make use of various batteries and will upgrade easily with new battery tech. GM is now looking to give buyers the choice of battery. This will give them the way to pick price and range. This is much like buying an BIg Block or Small Block engine in the past.
Ford two EV models have nothing to do with the future products and are out dated already.
The trouble I see with Tesla is breaking into the cult mentality of their buyers.
China can be a threat. We have no real proof of that yet but I would not count them out.
As for the ICE and Hybrids it will be very limited. There are enough states have adopted the CARB regulations that force no ICE after 2035 and these states cover near 1/2 of the cars sold.
These no ICE regs include Hybrids too. They do allow heavy trucks to have ICE.
The Supreme Court has already ruled the states can do as they like over the EPA.
With all the automakers spending billions on the EV and the law being mostly against ICE there is not going to be any turning back. Automakers can not afford to keep changing for every election. Product times and development cost as well laws in other countries for global sales will keep them on the EV path.
I know it is not popular but it is the only way they survive.
You want ICE buy a 3/4 truck or bigger.
It will be interesting to see if the gm evs or ford evs will be worth anything used considering used tesla prices are dropping so fast many of these big car outfits that are buying up all the used cars want nothing to do with them because they have lost so much money. Not a fan of giving out awards based on what they likely think will happen, but it sells cars. So does government kickbacks too, so it all makes sense.
How on earth can you predict residual value on a car that’s hardly been delivered to the public? The whole premise is ridiculous. I agree with another poster, who paid off who for this nonsense.
of course the residual value is good, last time I checked with my dealer there were 0 delivered in Canada so the residual value is 100%