The Cadillac Lyriq is the marque’s first all-electric production vehicle, offering a combination of luxury and GM’s latest Ultium-based propulsion technology. Unfortunately, the Cadillac Lyriq has been plagued with inventory issues, much like the rest of GM’s Ultium-based lineup. Now, however, roughly two years after production initially began, it looks like Cadillac Lyriq inventory has improved considerably.
A nationwide search for Cadillac Lyriq inventory at the luxury marque’s website shows 3,248 units available, as of March 6th, 2024. That figure includes both in-stock units and in-transit units.
Back in January, Cadillac Lyriq inventory was even higher, with 4,232 new units available nationwide as of January 19th, 2024. The vast majority of those vehicles were examples of the 2024-model-year, with just 63 units produced for the 2023 model year. The 4,232 figure also included both in-stock units and in-transit units.
For the sake of comparison, GM delivered a total of 9,154 Cadillac Lyriq units during the entirety of the 2023 calendar year, with 3,820 units sold during the final quarter of the 2023 calendar year.
As GM Authority has covered previously, GM’s Ultium-based EVs have faced numerous inventory issues, and not just for the Lyriq. Ordering has opened and closed, pricing has fluctuated, and early orders are still waiting to be filled. At one point, the Chevy Blazer EV was given a stop-sale order for software issues. Broadly speaking, it’s unclear exactly when some new GM EVs will be widely available on dealer lots, including models like the Chevy Equinox EV and Chevy Silverado EV. Additionally, one could argue Cadillac made a mistake in not offering lower-end trims before higher-end trims.
That all said, the considerable improvement in Lyriq inventory witnessed over the last several months may be a sign of good things to come in GM’s latest EV push.
As a reminder, the Lyriq rides on the GM BEV3 platform, while production takes place at the GM Spring Hill plant in Tennessee.
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Comments
The LYRIQs are piling up on dealership lots just as fast as FORD’s MACH-E. My local Cadillac dealership inventory shows 87 LYRIQs while they show less than half that for the XT line. That is a very very bad sign for GM.
The article is taking it as the glass is half full but I see it as half empty no demand
But the inventory has improved! LOL!
Keep in mind: dealers list their total availability online which could include everything in stock and in-transit and even being built. Also some dealers share their inventory availability with other dealers within their organization giving customers the impression that their fleet is much larger than it actually is.
Very comfortable, Super Cruise , fast, fun.
A real value. Great there are so many choices of trim levels and colors.
Cadillac Lyriq is the ONLY EV I would consider buying. My flavor of choice would be a Premium Luxury in Emerald Lake with Juniper interior and with the optional (non black) wheels. I still struggle with the 2 tier taillights, more specifically, the upper tier, but the rest of the design is, imo, quite tasteful.
Well you got plenty to choose from. My dealer has 48. You can buy 31 of them one for each day of the month and they’d still have plenty left over.
That’s not an indication of anything really. They could be flipping them quickly for all you know.
That doesn’t make any sense. You flip a car through an auction like carsandbids not back to a dealership where the dealer will give you less than what you bought it for. Did you mean the dealer is marking them up? Because that would still make no sense. I know this dealer very well as I bought my own Cadillac here and they do mark up Escalades. But these cars they have very limited inventory even now. At most they may have 5 but not 48 of them.
We’re talking about different things. When I mentioned “flipping” I’m talking about what dealers and OEMs internally refer to as “turn rates” which is the average amount of time it takes for a dealer to sell a car after it has arrived in inventory.
Just because a dealer has a high number of vehicles in inventory, it doesn’t tell us anything about the available days supply or their tern rates. For all we know they could be turning these vehicles at a high rate and as a result are then compensated with more inventory.
Additionally, the number of Lyriqs in inventory everyone on here keeps referring to is the inventory listed on a dealer’s website. The problem here is that they’re listing all the vehicles TOTAL that are coming to the dealer—not just what’s on the ground. So users are being misleading when they claim “oh my local dealer has 40 or 80 Lyriqs in stock”.
Cadillac’s most popular selling vehicle at this moment is the Lyriq behind Escalade.
Dude, the article just told us that there is essentially a 6 month supply of lyrqs. Lyrics. Whatever they are called. This is terrible.
The article doesn’t explicitly state what the available days supply of what the current inventory is. It guesses what it COULD be based off of in-stock units.
In fact this articles states what I said earlier— Their 3,248 total availability figure includes both in stock and “in production” units. Meaning they have no idea how many are currently on the ground.
Furthermore, the total available figure, again that includes in stock and in production, has decreased from what it was two months ago according to the articles own figures. That’s a positive trend of whatever available days supply the Lyriq has.
All of this cements my earlier point that the Lyriq is one of the most popular models and it’s only getting better…
You are correct, but preconceived narratives based on BEV hatred doesn’t allow for objective interpretation of data – bottom line is that the Lyriq is Cadillac’s #2 seller. Inventory is not a bad thing – you can’t sell what you don’t have.
The EV war is just beginning and lack of demand is the sword of Damacles hanging over the EV makers. Only Tesla is currently making money on EV sales. If this slack in demand continues there will shortly be casualties. Good luck with your EV when your brand ceases to exist. Hard to get or no parts, crashed resale value. I see bad juju on the horizon.
We do own a Tesla and are satisfied owners.
When Tesla had to slash prices of their own EVs, that is NOT a good sign for them either. Remember. The legacy automakers have ICEs to fall back on. Tesla does not have that luxury and has to resort to price drops to prop up demand. This isn’t televisions or DVD players here. These are large pieces of investments with many inconveniences that people are strongly considering when shelling out so much money. Just because Elon doesn’t talk about it doesn’t me his company isn’t in a pickle. He has keep his shareholders happy and not create a short on his stock like Lucid and Rivian. One more thing. This is a dangerous game to play because there are many early adopters, my boss included, furious with Tesla over the price drops and has a car worth just a little over half of what it was worth before the price drops. Not a good look for Tesla.
BTW. While we are on the topic, Last night I get a Tesla ad playing on YouTube. This company was so adamant about not needing advertizing for their products. THAT right there is a telling sign things are not as rosy for Tesla as it seems. I don’t think the company will go out of business, but my opinion still stands in that legacy automakers are better equipped to handle a fallout of demand than startups. Rivian and Lucid I doubt will be around much longer.
Henry Ford was threatened by Horse and Buggy companies saying the model T would never do the work of a horse. EV is the same people will move over to them, after they get over all this.