[Jimpilot]

Didn’t GM delay model year change over to complete old MY sales on the vet? Seems like something like that is more likely.

 

[Jimpilot]

Have not heard anything but i'll do some more digging.

@Lockhart Cadillac Any luck Jason ?

 

[Lockhart Cadillac]

@Lockhart Cadillac Any luck Jason ?

No

 

[Zymurgy]

Didn’t GM delay model year change over to complete old MY sales on the vet? Seems like something like that is more likely.

Yes, they did. And Chevy had officially communicated the planned MY cutover to their dealers. They changed that cutover multiple times as they weren't able to produce them as quickly as they had planned.

 

[dgoodrie]

I don't see the money issue. How is it a money issue to call a presold vehicle delivered in say April 2023 a MY23 or a MY24?

It's a BIG time money issue if the 2024 is shortly produced after the last 2023. It's called 1 year depreciation.

 

[DialM4Speed]

To everyone waiting, it could always be worse. I heard of a lady that pre ordered a Ford Maverick Hybrid over 400 days ago.

 

[Dadhawk]

It's a BIG time money issue if the 2024 is shortly produced after the last 2023. It's called 1 year depreciation.

OK, but that's a problem for the buyer, if they care. I don't normally concern myself with that as I drive a vehicle until it has no value (usually well over 200,000 miles). I know a lot of folks on here are serial car buyers and could see where that would have an impact but it is not something at the top of my mind nor matters to me.

 

[Lockhart Cadillac]

We have an all dealer call today @ 2pm EST. Possible LYRIQ information. Stay tuned.

 

[CadillacLyriqFan]

It's a BIG time money issue if the 2024 is shortly produced after the last 2023. It's called 1 year depreciation.

This is absolutely not fair on the part of GM for eagerly waiting customers go down in value (depreciated) in a matter of few months if MY24 is immediately released.

 

[DaveAZ]

This is absolutely not fair on the part of GM for eagerly waiting customers go down in value (depreciated) in a matter of few months if MY24 is immediately released.

It's completely fair and reasonable. It's a trade-off DE buyers should have understood in order to get early access to the product.

 

[TyeTye]

It's completely fair and reasonable. It's a trade-off DE buyers should have understood in order to get early access to the product.

Also, who outside of a flipper, really cares about resale? It’s a depreciating asset. This happens with virtually every car, when the new year shows up. My only concern is that I’m not paying market adjustment.

 

[ElectricAvenue]

This is absolutely not fair on the part of GM for eagerly waiting customers go down in value (depreciated) in a matter of few months if MY24 is immediately released.

DEs are unique, and that's part of the party we agreed to. We also got introductory level pricing, so what of all that isn't fair? Besides. If you want a boon, flip it? I'm just trying to have a nice ride I don't have to worry about for the next 8 to 10 years.

 

[Dadhawk]

To me, it's no different than buying a car at the end of a model year, which by the way is usually the only time I've ever bought a new car. I guess just more to add to the list why I don't have a dog in the depreciation hunt.

 

[Jimpilot]

We have an all dealer call today @ 2pm EST. Possible LYRIQ information. Stay tuned.

Fingers crossed 🤞 it’s good news, or for that matter any news

 

[Valtor]

This is absolutely not fair on the part of GM for eagerly waiting customers go down in value (depreciated) in a matter of few months if MY24 is immediately released.

While it might start at a lower price, fully equipped like a DE will probably end up costing more. So the 2023 costs less at the end of the day.

 

[Lockhart Cadillac]

LYRIQ Update 12/15

In so many words or less.....The dealer demo units will eat up 23 production. You might see a few units trickle out or be picked up for January but for the most part we won't see allocation until 2024 Model year. The person speaking in regards to LYRIQ did hint at additional models and colors for 2024. Waitlist will be removed from the Cadillac website 1/3. Dealers will receive 2024 Info / digital brochure sometime in January. 2024 LYRIQ kicks off sometime in February 2023. Nothing changes with DE units. Those are still being produced and or ending production soon.

Cadillac did speak about the 2023 EV Credit. And me personally I think this is what the hold up is. The government does not have everything in place for this to go live. Cadillac shared different parameters for qualifying offers that they themselves are still working on in the background. For example, the LYRIQ still needs classified as an SUV and not a sedan. Where the battery is made (USA) comes into play and the minerals used. Overall household income cap (less than $150,000 / Joint $300,000) is also a factor and the MSRP of the LYRIQ as long as it is under $80,000. Starting in 2024 the tax credit could also be used as a discount and not as a rebate should the customer / dealer decide. Sounded like a lot of moving parts and nothing concrete at the moment. $3,750 looks to be the set amount. $7,500 could also be a future possibility if the sun and moon align.

And the moment you all have been waiting for......If you have a order or are on a waitlist for LYRIQ, Cadillac is sending you a $50 gift card which can be used for some exclusive chocolates. Be on the lookout for an email from the Mothership.

Happy Holidays,

 

[hightech-guy]

LYRIQ Update 12/15

In so many words or less.....The dealer demo units will eat up 23 production. You might see a few units trickle out or be picked up for January but for the most part we won't see allocation until 2024 Model year. The person speaking in regards to LYRIQ did hint at additional models and colors for 2024. Waitlist will be removed from the Cadillac website 1/3. Dealers will receive 2024 Info / digital brochure sometime in January. 2024 LYRIQ kicks off sometime in February 2023. Nothing changes with DE units. Those are still being produced and or ending production soon.

Thanks very much for the update. Any idea what that means for those with 2023 orders with specific pricing and options? Will that be honored as these roll to 2024 MY?

 

[Lockhart Cadillac]

Thanks very much for the update. Any idea what that means for those with 2023 orders with specific pricing and options? Will that be honored as these roll to 2024 MY?

Have no clue. Since they are going to be 2024 units anything is possible.

 

[TyeTye]

Thanks @Lockhart Cadillac you will be my dealer the next Cadillac I purchase

 

[Lockhart Cadillac]

Thanks @Lockhart Cadillac you will be my dealer the next Cadillac I purchase

Much appreciated.