The Cadillac Lyriq launched for the 2023 model year as the luxury marque’s very first all-electric production vehicle, but production and deliveries have been relatively sluggish thus far. Many customers who made a reservation for the Lyriq were forced to wait months to receive their new vehicle, sometimes as long as a year, while inventory has been in very short supply. Now, however, it appears as though the situation is improving.
“Production is continuing to ramp as the availability of [battery] modules have been cleared and right now, we have a great selection of Lyriqs available on the ground and on their way that we certainly can address any concerns we may have,” Roth said during a recent media briefing attended by GM Authority.
As of January 19th, 2024, there are currently 4,232 new Cadillac Lyriqs available nationwide. The vast majority of these are 2024-model-year vehicles, while just 63 of the 4,232 are 2023-model-year vehicles. That 4,232-unit total includes available (landed / grounded) units, as well as units that are current in transit.
General Motors sold 3,820 Lyriq units in the U.S. during the fourth quarter of the 2023 calendar year, with 9,154 deliveries completed during the 2023 calendar year. As such, the current numbers indicate that GM has a 100-day supply for the Cadillac Lyriq, based on the sales volume of the preceding quarter.
For the moment, it’s still unclear if this newfound inventory is the result of GM’s implementation of new solutions for the various production / bottleneck issues the Lyriq has faced since launch, or if demand for the crossover is so low the few units currently produced have accumulated at dealers, thus resulting in higher inventory levels.
As a reminder, the Cadillac Lyriq rides on the GM BEV3 platform, and features a GM Ultium battery pack and GM Ultium Drive motors. Production takes place at the GM Spring Hill plant in Tennessee, with units sold in the U.S., Canada, Mexico, China, and Europe.