MrIanB
Member
Looks like a partial firesale is already in effect, you can see some listed in cars.com for 65K.
ian b
ian b
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ELR sales:
January 2014: 41
February 2014: 58
March 2014: 81
April 2014: 61
May 2014: 52
June 2014: 97
RT
ELR sales:
January 2014: 41
February 2014: 58
March 2014: 81
April 2014: 61
May 2014: 52
June 2014: 97
RT
They must have expected more sales than that. About 400. Cut the price, increase the range, watch sales increase.
Definitely. New base price of $57,000 or so and you'd see much better sales.
If you cut the price of 99% of the products on the market by ~25% you'd see much better sales.
Things like 5 cent bubble gum and the Bugatti Veyron Vitesse WRC being the exception.
Nope. The Panamera S E-Hybrid also sells horribly (about 40 in the first month and overall target is about 50 per month, so even worse than the ELR), likely because it is overpriced.Does seeing how the Panamera S-E Hybrid compares in price change your mind about whether the ELR is overpriced?
.....Sure you get more luxury features in the ELR, but most people don't care about that and get scared away by the high base price.
Perhaps I should have worded it differently (I don't mean they don't care about any luxury features), but obviously they don't care enough about some of the extra luxury features listed to pay an extra $35k premium nor to overlook the lower performance.What genius marketing plan did this thought come out of? Most people do not care about luxury features! If that were true we would all still be driving Model T's and trying not to "spook the horses"!
.Perhaps I should have worded it differently (I don't mean they don't care about any luxury features), but obviously they don't care enough about some of the extra luxury features listed to pay an extra $35k premium nor to overlook the lower performance.
Another example is the Model S is missing a lot of the features listed, but no one cares enough for it to hurt sales. The same applies to the base Panamera.
In terms of marketing, a lot of people buy luxury brands for the badge and the badge power of Cadillac is obviously not comparable to Porsche. Also, a car that sells for a lower base price, but has the luxury features as options will likely sell better than a car that "bundles" those luxury features into a high base price. People look at the base price and already strike the car off their list.
The thing about the ELR is that no one ever said the car was a bad car, they just don't think the car is worth $75k. I've seen a lot of people say if the base price was more like $45-55k they would seriously consider it. Even if Cadillac has to remove some of the bundled features to reach this price, it would help sales a lot.The ELR is an amazing car and I sincerely hope that Cadillac decides to continue its development with additional model years.
Looks like ELR discounting has begun...
"Inside EVs and Transport Evolved report that a few dealers in Florida, Texas, and Maryland are dangling from $12,000 to $13,600 in discounts to move the ELR. Coupled with federal incentives, this reduces the previously unreasonably-priced ELR to a virtual bargain in the mid-$50,000 range."
Drastic price cuts place Cadillac ELR where it should have been all along - Torque News
they still need to drop it an additional $20k. it was like $35k overpriced to begin with.