When orders opened for the new Lyric earlier this month, Cadillac offered new owners some sweet deals, including two years of unlimited public charging credits at EVgo, or a $1,500 credit towards a home charger installation from Qmerit, but buyers are now facing some big mark-ups.
GM’s suggested retail price for the Lyriq is a cool $59,990, but as we all know, dealers tend to ask a bit more, and one dealer is asking $5,000 more. Posting on markups.org, a customer of a Thousand Oaks dealership named Melanie said that she placed a pre-order for the 2023 Cadillac Lyriq Debut Edition when the order books first opened last year. After making an inquiry to the dealer, she was told by a sales representative of Silver Star Cadillac that they would be adding a $5,000 “market adjustment fee” to take into account the high demand and limited supply of Lyriq vehicles.