The Cadillac Escalade has been recognized as one of the fastest-turning new vehicles on the market as of March of the 2024 calendar year, per a new study. Amid the quick sales for new Escalade units is a broader industry slowdown in new car sales, just as used car sales continue to accelerate. The study also points to hybrid models as the fastest-selling models currently on the market, while EVs currently sell the slowest.
The new study, published by iSeeCars, provides an analysis of more than 463,000 new and used car sales, focusing on the average duration each vehicle remained on the market before it was sold. In order to maintain analytical integrity and relevance, the study methodology excluded heavy-duty vehicles, models no longer in production as of the 2023 model year, and low-volume models.
The study noted Cadillac Escalade sales performance with an average market stay of just 26.2 days, significantly below the overall average of 54 days for new cars. At 26.2 days, the Cadillac Escalade is placed eighth in the list of the fastest-selling new vehicles, slotting in above the Toyota Highlander Hybrid (average of 28.3 days on market) and below the Toyota Grand Highlander (average of 24.4 days on market).
The study also highlights broader trends in the automotive industry, including a slowdown in new car sales, which is likely a reflection of several factors, including rising interest rates and the impact of inflation on consumer spending power. Nevertheless, luxury SUVs like the Escalade, as well as the Mercedes-Benz G-Glass and Range Rover, have maintained swift sales velocities, indicating a specific consumer preference for high-value, high-prestige vehicles amidst broader market contractions.
Also notable is a slowdown in sales for EVs, which tend to linger longer on the market. According to the study, the average new EV takes an average of 70.6 days to sell.
Overall, the new car market has witnessed a 21.6-percent increase in the average days on market, while the used car segment has shown a 30.5-percent decrease in in the average days on market.
As a reminder, the Cadillac Escalade offers three engine options, including the naturally aspirated 6.2L V8 L87 gasoline engine and the 3.0L I6 LM2 turbodiesel Duramax engine, while the Escalade-V cradles the supercharged 6.2L V8 LT4 engine. The GM T1 platform provides the underpinnings, while production takes place at the GM Arlington plant in Texas.
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Comments
My local dealer has quite a few. Over 60 including the longer one. I think they even have a couple of V’s. They are awash in Lyriq’s though, over 100. I got my oil changed this week and they are keeping most of the Lyriq’s and some of the slades offsite. I did not see that many. Lot had a good mix of XT4’s, 5’s and 6’s, CT4 & 5, slades and Lyriq’s. They even had a CT5BW on the lot, well under the canopy. Very different than a few years ago when the lot was literally empty.
Comment on Escalade!
Wife was almost in a horrible accident, but got saved by the sensors on left mirror which stopped her turn immediately. Car on other side ‘not so much’ The video shows it all…..
These sensors are great when they work as intended, but what will happen as the car ages….? Vehicles are becoming more complex for all manufacturers.