The Rise of Cadillac Lyriq Sales in Q1 2024

General Motors recently released its sales figures for the first quarter of 2024, revealing some interesting trends, especially within the Cadillac brand. Here are some key highlights:

Surge in Demand for Cadillac Lyriq

• The all-electric Lyriq witnessed a remarkable surge in demand during Q1.
• Cadillac’s overall sales declined by 2.4%, but the Lyriq experienced a 499.2% increase in sales.
• With 5,800 units sold, the Lyriq now stands as Cadillac’s third best-selling model.

Other Cadillac Models’ Performance

While the Lyriq shone brightly, other Cadillac models faced challenges:

• Sales of CT4 dropped by 36.1%.
• CT5 saw a decline of 34.2% in sales.
• Escalade deliveries slipped by 1%.
• XT4, XT5, and XT6 also experienced decreases in sales.

GMC Hummer EV Steals the Show

Not just Cadillac, but GMC also had its share of success:

• GMC Hummer EV witnessed an astounding 83,300% increase in sales.

Buick’s Growth Amidst Decline

Interestingly, Buick emerged as the only GM brand in the U.S. to report a growth in sales:

• Buick’s sales rose by 16.4% in Q1, driven primarily by the Envista model.

GM U.S. Deliveries for Quarter 1, 2024

Here is a summary of GM’s vehicle deliveries for the first quarter of 2024:

Despite overall sales declining slightly, the success of models like the Cadillac Lyriq and GMC Hummer EV showcases the growing demand for electric vehicles in the market.