Report: Cadillac dealers offering insane incentives for ELR
The Cadillac ELR has been suffering from slow sales and as a result, dealerships are reportedly offering some crazy incentives to shift the ELR models off of lots and to keep them from gathering dust.
The Cadillac ELR might be an appealing car to look at, but it’s essentially a more hyped-up version of the Chevrolet Volt in a fancier suit with a seriously demanding sticker price of $75,995…that’s a bit much, considering what it is.
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That said, some dealers are reportedly offering discounts of up to $12,000, as observed at some dealerships in Florida–and these discounts aren’t factoring in the federal or state tax incentives for going green. The highest observed discount was at $13,600 off of the MSRP sticker price with an additional $7,500 incentive from the US government. That amounts to around $21,000 off of the ELR’s price. Better grab yours quick before this expires!
As a refresher, the ELR gets the same powertrain as the Chevrolet Volt, with an electric motor producing 207hp and 295 lb-ft of torque, mated to a 16.5 kWh lithium-ion battery. Once all the electric power is used, the ELR’s range-extending 1.4L engine kicks in, allowing for a total range of 300 miles. Otherwise, all-EV range is capped at 35 miles.
Considering the slow sales however, we wouldn’t be surprised to see the ELR experience a short life.
Source: TransportEvolved.com via CarScoops