The average transaction price of the Cadillac CT4 luxury sedan increased 11.5 percent in the United States during the third quarter of 2022.
On average, buyers of a new Cadillac CT4 paid $53,804 for the luxury sedan from June through September. During the same timeframe, CT4 sales increased 178.4 percent year-over-year to 2,581 units. That would mean that the CT4 pulled in $138.8 million in revenue during the timeframe.
The uptick in the average price of the CT4 can be attributed to the expanded availability of up-level models. In other words, that means that better-equipped versions of the CT4 are more widely available to consumers rather than the more basic Luxury trim, which has only basic features and does not come standard with many options found on the Premium Luxury and Sport trims. In turn, this means that consumers are selecting more costly higher-tiered trims with more content.
Additionally, the ultra-high-performance CT4-V Blackwing has also likely had a hand in increasing average transaction prices from last year’s figures. All-new for the 2022 model year, the CT4-V Blackwing began production in mid-2021, meaning that it was not a factor in sales results or transaction prices for Q3 2021. To note, the 2022 CT4-V Blackwing started at $59,990 while the 2023 model starts $1,500 higher at $61,890.
As a reminder, the 2022 Cadillac CT4 features the turbocharged 2.0L I4 engine (production code LSY), rated at 237 horsepower and 258 pound-feet of torque. It’s standard on the Luxury, Premium Luxury, and Sport trim levels. Models with this engine get the 350T designation on the decklid as part of Cadillac’s torque-based nomenclature. From there, the turbocharged 2.7L I4 engine (production code L3B) is optional on the CT4 Premium Luxury, where it makes 310 horsepower and 350 pound-feet of torque. These models wear the 500T badge. The sportier CT4-V is powered by the same turbocharged 2.7L I4 engine, but it’s tuned to produce 325 horsepower and 380 pound-feet of torque.
The 2023 CT4-V Blackwing harnesses the twin-turbocharged V6 engine (production code LF4), capable of producing up to 472 horsepower and 445 pound-feet of torque. All those horses meet the pavement by way of either the standard six-speed manual transmission or 10-speed automatic, throwing power exclusively through the rear two wheels. All CT4 variants ride on the luxury marque’s Alpha 2 platform, and production occurs at the Lansing Grand River plant in Michigan for all markets except for China. Units for the 2023 model year began rolling off the assembly line on July 18th, 2022.
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StuartH
The Blackwing has greatly helped legitimize the Cadillac brand among the usual performance oriented luxury brands.