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Supply chains have stabilized while market headwinds from high interest rates and high prices are muting sales.
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Since the labor actions started Sept. 15, the U.S. has ample inventory for now from the Detroit automakers that should keep steady supply through the end of the month. The all-important Ford F-150 had 97 days of supply at the start of October.
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Cadillac has unveiled the 2025 CT5 sedan at the North American International Auto Show in Detroit.
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The average listing price of a vehicle remained above $47,000 since April, while the ATP of a new vehicle in July was $48,334 compared with $48,671 in June.
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The all-electric full-size SUV from Cadillac boasts a Cadillac-estimated 450 miles of range.
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Connie (Constance) Gallagher, long-time fleet sales manager at Heritage Cadillac Inc. and a fixture at the Automotive Fleet & Leasing Association (AFLA) conferences, passed on May 18, 2023. She was 73.
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The Manheim Market Report values saw above-average declines that were relatively consistent, with values declining almost 4% in the last four weeks.
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Peper, head of GM Fleet and currently U.S. vice president for GM Envolve, will step down on Sept. 1, capping a more than 39-year career with GM.
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Other than a name, a teaser image, and a season for debut, Cadillac remains spare on details for its third electric model line.
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The average price likely will stay relatively high since few new vehicles were sold in recent years and little leasing was done.
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