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Another marketing win. Better off not advertising this then bragging about it and customers finding out you only saved them $5!
ELR sales:
January 2014: 41
February 2014: 58
March 2014: 81
April 2014: 61
May 2014: 52
Did someone earlier in the thread state how many of these were produced? I thought I remember hearing 2,500.
RT
I've seen 1% of all sold ELRs. I just saw the 3rd drive by as I was heading off for work this morning.ELR sales:
January 2014: 41
February 2014: 58
March 2014: 81
April 2014: 61
May 2014: 52
It's to be expected because there hasn't been any meaningful advertising; the Olympics "the rest of the world sucks" advertising bombed; GM executives have stated they believe environmentally-conscious consumers don't buy luxury cars (and so they're not targeting Volt owners who downgraded from luxury cars); GM doesn't seem to know how to convey the vast improvements found in the ELR in any meaningful way, so Cadillac only talks about the interior wood and leather instead of the $20,000 of new technology put in the car; and the acceleration is fractionally worse than the Volt.Who else is buying shares of GM after seeing these strong sales figures?
Cadillac produced its entire run of ELRs for the year at once rather then building to the actual demand. Remember that these cars were all ordered by dealerships, not just arbitrarily built by Cadillac. But the dealerships can't sell the ELR since there's no meaningful support for the vehicle from GM aside from some amazing lease rates.Did someone earlier in the thread state how many of these were produced? I thought I remember hearing 2,500.
It's to be expected because there hasn't been any meaningful advertising; the Olympics "the rest of the world sucks" advertising bombed; GM executives have stated they believe environmentally-conscious consumers don't buy luxury cars (and so they're not targeting Volt owners who downgraded from luxury cars); GM doesn't seem to know how to convey the vast improvements found in the ELR in any meaningful way, so Cadillac only talks about the interior wood and leather instead of the $20,000 of new technology put in the car; and the acceleration is fractionally worse than the Volt.
The ELR is indeed a $76k car, but the way Cadillac treats it it's a future $60k car just waiting for its fire sale. Well, they'll get that pretty soon if each month results in fewer sales than the previous one!
Cadillac produced its entire run of ELRs for the year at once rather then building to the actual demand. Remember that these cars were all ordered by dealerships, not just arbitrarily built by Cadillac. But the dealerships can't sell the ELR since there's no meaningful support for the vehicle from GM aside from some amazing lease rates.
Cadillac seriously miscalculated what people would be comparing the ELR to. GM probably thought BMW, Lexus, and Mercedes owners who wanted an electric hybrid plug-in would flock to it, and that all comparisons to Tesla would be based on how much more luxury and high-end materials were in the ELR. But if any Cadillac executive had spent even five minutes on any ELR message board, they would have seen that acceleration was going to be the sole benchmark of comparison when talking Tesla, if not also BMW, Lexus, and Mercedes.
That $20k is just for the hardware. There's also a price to be paid for design, interior materials, and exclusivity which is how Cadillac gets to $76k. If Cadillac had invested some money and effort into improving the acceleration, they could have charged even more. (There's rumors of an ELR-V, but sincerely doubt it.)I'm glad you said $20,000 of new technology. What's $35,000 (price of a volt) plus $20,000? It's a $50k-$55k car (before tax credits) tops.
Tesla doesn't need to advertise because all of its cars are pre-sold due to its brilliant advanced sales model, word-of-mouth, and viral marketing. Not to mention opening many stores in highly-trafficed malls that bring brand recognition and show off how cool the Model S is. Nobody walks into a Cadillac dealership unless they're in the market for a car. But millions walk by Tesla stores just in the normal course of shopping.PS, Tesla hasn't done any meaningful advertising either.
It's to be expected because there hasn't been any meaningful advertising; the Olympics "the rest of the world sucks" advertising bombed; [snip]
That $20k is just for the hardware. There's also a price to be paid for design, interior materials, and exclusivity which is how Cadillac gets to $76k. If Cadillac had invested some money and effort into improving the acceleration, they could have charged even more. (There's rumors of an ELR-V, but sincerely doubt it.)
Tesla doesn't need to advertise because all of its cars are pre-sold due to its brilliant advanced sales model, word-of-mouth, and viral marketing. Not to mention opening many stores in highly-trafficed malls that bring brand recognition and show off how cool the Model S is. Nobody walks into a Cadillac dealership unless they're in the market for a car. But millions walk by Tesla stores just in the normal course of shopping.
The term "exclusive" is typically reserved for something not many people can have, rather than something not many people want.
If you've read any of my prior posts, you'd see that I have said exactly the opposite. Had the ELR been engineered with a 0-60 time at least equal to the 60kWh Model S, Cadillac could have charged even more for it. I have stated many times previously that Cadillac should be embarrassed that the ELR is the slowest-to-60mph $76k+ vehicle on the market.You might not feel that an expensive car needs a better 0-60 time, but many (most?) buyers do.
The definition of "exclusive" is 'unique,' 'limited,' 'belonging to a particular individual or group,' 'fashionable or stylish,' and 'incompatible.' That word does not directly refer to the mass desirability of a product, although I admit people many don't appear to understand that.The term "exclusive" is typically reserved for something not many people can have, rather than something not many people want.
If you've read any of my prior posts, you'd see that I have said exactly the opposite. Had the ELR been engineered with a 0-60 time at least equal to the 60kWh Model S, Cadillac could have charged even more for it. I have stated many times previously that Cadillac should be embarrassed that the ELR is the slowest-to-60mph $76k+ vehicle on the market.
The definition of "exclusive" is 'unique,' 'limited,' 'belonging to a particular individual or group,' 'fashionable or stylish,' and 'incompatible.' That word does not directly refer to the mass desirability of a product, although I admit people many don't appear to understand that.
Regardless, to your point, just because a product has limited appeal does not make it less desirable. There are only so many people in the U.S. who inclusively (i) want a 2+2 coupe, (ii) don't want a hatchback, (iii) want a plug-in hybrid electric vehicle, (iv) want a GM vehicle, (v) can afford a $76-84k vehicle, and (vi) are currently looking for a new car. Low sales for the ELR simply means Cadillac has a very small market for the car, not that it isn't exclusive or desirable.
Idiotic statements by GM and very poor marketing sure doesn't help sales, but there probably aren't very many people out there who pay attention to what Mark Reuss and Uwe Ellinghaus blabber on about (or even know who they are). But I completely agree with you and derekt75 that a 0-60 time comparable to the Model S would have made a significant difference in sales, especially to wealthy Volt drivers who are ready to trade up to (or get back into) a luxury car.
Of course, had the ELR come first and Volt second, no one would be having this conversation. Another bad decision by GM, unfortunately...
Sorry, I have read your prior posts, and I should have phrased my point better. I meant that while you personally are willing to pay luxury car prices for a car with non-luxury 0-60, you're more of an exception than the rule. I think we all know this.If you've read any of my prior posts, you'd see that I have said exactly the opposite. Had the ELR been engineered with a 0-60 time at least equal to the 60kWh Model S, Cadillac could have charged even more for it. I have stated many times previously that Cadillac should be embarrassed that the ELR is the slowest-to-60mph $76k+ vehicle on the market.
If you've read any of my prior posts, you'd see that I have said exactly the opposite. Had the ELR been engineered with a 0-60 time at least equal to the 60kWh Model S, Cadillac could have charged even more for it. I have stated many times previously that Cadillac should be embarrassed that the ELR is the slowest-to-60mph $76k+ vehicle on the market.
GM doesn't need to be embarrassed at the performance, it needs to be embarrassed at the price it asked.
This seems to be the only real issue with the car. Just about everything I've read has been generally positive except when it comes to the price. I wonder if GM simply thought they could make up for some of the Voltec development costs on the backs of (presumably) more affluent Cadillac buyers?