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05-06-2021, 08:19 PM | #15 |
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I sold new Cadillacs in the summer/fall of '88 when I was 24. Five in my first month. Beginner's luck.
The dealership was in a rough part of town and they referred to it as the jewel in the jungle. It's been townhouses for 25 years now. The best though was the next door neighbours, a giant bathroom tissue factory. Good neigbourhood. The capacitive touch controls Caddys had were horrendous and they are phased out now. That's the first thing I couldn't unsee in those cars. If depreciation isn't a huge concern, for example a lease allowance and not too long a term, they are usually ok except the service calls might get a bit much as a result of typical cost reduced components that corrode, misshapen, unstick, discolour. And GM had over 50% share of the Canadian passenger vehicle market in the 70's! I'd take a C8. Only problem, be it first world or otherwise, is that they do look cheap in some way compared to some really expensive cars. My brother-in-law drives a Ferrari Portofino and he parked next to a black C8 and sent me a pic and I just picture one car with fine leather and the other one smelling like a Windex with ammonia D lol. But, if it held its value I'd get one. GM for big SUVs and trucks is a strong contender. The thing with hybrid/electric is there isn't really any savings unless you drive enough, so it better be cool and convenient. I'm not enthused about the Prius but a well integrated electrified system can be good in any type of vehicle.
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09-17-2021, 10:04 AM | #16 |
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Lyriq goes up for preorders tomorrow (Saturday 9/18) @ 4:00PM EDT. Will be interesting to see how long it takes it to sell out, assuming it does.
https://www.cadillac.com/electric/lyriq
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09-17-2021, 11:55 AM | #17 |
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My TV that I watched from clear across the room for 25 years was 26" diagonal.
What the actual F?
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09-17-2021, 01:34 PM | #18 |
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It's a similar display as what is in the new Escalade. Also it's measured diagonally so its like a 30:3 aspect ratio (making that up but you get the idea)
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09-17-2021, 10:30 PM | #19 |
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I wonder how cheap these used EVs will be in the future. For the wife who doesn't need a stick or sporty car, this is going to be nice. EVs should be plentiful and functional for a long time. An old EV appeals to me more than an old car. The batteries should last long enough. The suspension might take a hit from the weight, but the cars should be on the road for a long time. Assuming they aren't designed to be obsolete, they should be cheap and plentiful. I think of my BRZ is eight years old, and it doesn't look old, but these things won't look old for fifteen years because they are so futuristic looking.
I feel like some things reach a pinnacle and then stop advancing. Random example would be CGI. They can make it so good now that it is virtually impossible to tell the difference between CGI and a real image, especially for background effects on top of a real image. The quality of the CGI in a movie is now more about the budget of the film than the ability to make something look realistic. Even low budget TV shows can have decent CGI. In a similar way, electric cars will probably hit a point where more range or performance is either not needed or requires much more money than necessary. Used EVs will have good enough touch screens with optically HD screens that can't really improve a whole lot more. The progress will be in autonomous driving or voice commands or something more futuristic, but take this Cadillac, in ten years, it will still look modern enough and will have plenty of amenities and range will likely be fine enough, but the price will probably be cheap. Unless battery tech makes something charge much faster, have dramatic more range, be much lighter, the performance and reliability factor will make these things last a long time on the road, which means they should get cheap. I remember watching this one Youtube video talking about an area in Eastern Europe where everyone drives luxury cars, and it isn't because they are rich, but they all drive BMWs and Mercedes because the used market and aging cars created a price stratification that allowed anyone to own a luxury vehicle, and either people chose these used, luxury vehicles over newer, economy/cheap vehicles, or cheap cars weren't an option; I think it was more of a choice than an option. People seemed to just fix up luxury vehicles. There is little appeal of driving an old luxury car that breaks down, but I can imagine older EVs being an easier sell, especially if the MMI is updated with OTA updates. I can imagine many people owning depreciated EVs that are still excellent cars and are perfectly reliable.
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09-18-2021, 12:16 PM | #20 |
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I think we can already see that they'll depreciate about the same rate as most other cars, at least for non-Tesla units.
Looking at Carvana a 2017 Chevy Bolt (a relatively well rated and practical EV with over a 200 mile range) is listed now for $17,990 for an LT and $21,990 for a Premium version. This is after the recent facelift so it's technically a Gen1 car. Those list prices for these were $37,495/$41,780. That means they have depreciated by 52%/47% in 4 years. These examples are low mileage cars (under $30K) and the battery is still under warranty. Cadillac, in general, holds it's value a little better than Chevy but not by much. The exception is the V series, which tends to hold its value way too well. The bottom list on the Lyriq is supposed to be around $60,000 although I guess we'll have to see later today if you can get a "launch" one for that price. If you could pick one up in 4 years for between $35,000 and $45,000 I would say that would be a hell of a good buy. EVs in general should not have the aging issues of ICE. Basically the drivetrain should not be an issue, so past consumables, what else is there? Even if the battery falls to 50% after warranty, you're still looking at over a 150 mile range.
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09-18-2021, 04:47 PM | #21 |
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Well, that was quick. Looks like the reservations sold out in less than 30 minutes or so. Could have been faster, I just didn't log in to look until about 40 minutes after it started.
Was actually considering making a reservation but I guess I lost on that one (or was saved by the bell, not sure which).
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Olivia 05/03/2012 - 01/06/2024. 231,146 glorious miles.
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09-20-2021, 01:42 PM | #22 |
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Looks like I was wrong, it sold out in about 10 minutes. The site was overwhelmed and a lot of potential customers cried "foul" as they couldn't get through the checkout process fast enough to get in.
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Olivia 05/03/2012 - 01/06/2024. 231,146 glorious miles.
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09-20-2021, 07:54 PM | #23 |
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09-20-2021, 10:45 PM | #24 |
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Cadillac did the right way, release a small amount of vehicles that they can build very carefully and same time get the hype train going.
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09-22-2021, 11:13 AM | #25 |
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Given the computer chip shortage, and that EVs require considerably more chips than ICU cars, I would say they're only building (initially) an amount they can guarantee to have chip supply for.
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09-22-2021, 11:20 AM | #26 |
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On a semi-related note, it looks like Cadillac has started shipping the CT5-V Blackwing. I got a notice from a local dealer that they have two in stock. Sticker from one of them.
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Olivia 05/03/2012 - 01/06/2024. 231,146 glorious miles.
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
09-22-2021, 12:16 PM | #27 |
extra what?
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wow! that's almost, like, 10:1!
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02-09-2022, 10:38 AM | #28 |
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Looks like Cadillac will be opening up orders for the Lyriq earlier than expected, as early as March. Also, the preorders of the Launch Edition (mentioned above) have been determined to be 1,500 in the US and 5,000 in China.
Interesting they are skipping the reservations stage, and going straight to orders.
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Olivia 05/03/2012 - 01/06/2024. 231,146 glorious miles.
Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". |
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