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Why Cadillac is willing to lose 43 percent of its dealers

Cadillac is offering about 400 dealers in the United States a lump sum of money to close down. That represents over 40 percent of Cadillac dealers in America. Offers start at $100,000 and top out at $180,000. The average offering is around $120,000. According to Automotive News, Cadillac chief Johan De Nysschen estimates it will cost the automaker around $50 million to close these dealers. Any dealer that chooses to remain open will have to submit to Cadillac's ambitious Project Pinnacle, which will divide dealers into incentive categories based on how many units they sell. "Every single Cadillac dealer will have the potential to earn significantly higher profits than they do today," says De Nysschen. Dealers have until November 21 to decide if they want to take the cash or submit to Project Pinnacle. A logical question: Why is Cadillac willing to spend $50 million to close down 43 percent of its dealers? First, GM's luxury brand has way more dealerships than it needs. Second, the 400 dealers with offers to shutter each sold 50 or fewer vehicles in 2015, representing just 9 percent of its sales volume in America. So, while closing these smaller dealerships may have a small initial impact on sales, it's not going to be a major hit to Cadillac. Related Video: News Source: Automotive News - sub. req.Image Credit: Gary Cameron / Reuters Cadillac Car Dealers Luxury Performance

Cadillac sprinkles changes around its 2022 lineup

Cadillac is doing its best to keep the model-year-update train running, making incremental changes to the CT4, CT5, XT4, XT5, and XT6 for 2022. We'll start with the change coming to the entire Cadillac range, that being the addition of the automaker's Smart System package of nine driver assistance aids. The nine features are: Automatic Emergency Braking, Forward Collision Alert, Front Pedestrian Braking, Safety Alert Seat, Rear Park Assist, Rear Vision Camera, vehicle diagnostics, Teen Driver, and Rear Seat Reminder. After that, the CT4 and CT5 will gain the option of Super Cruise 1 and Super Cruise 2 on Sport and Premium Luxury trims. Super Cruise availability on the XT6 to follow at some point during the model year, but since the XT6 is built on GM's previous electrical architecture, its version of Super Cruise will lack some features such as Automated Lane Change. Also inside the vehicles, it's been reported that Inteluxe will be the new name for leatherette seating across the lineup.  Taking each model starting with the CT4, GM Authority says the compact sedan will lose its Dark Blue Moon Metallic, Evergreen Metallic, and Velocity Red exterior colors. They'll be replaced by Blaze Orange Metallic (pictured), which is reserved for the Sport, CT4-V, and CT4-V Blackwing, and Electric Blue and Dark Emerald Frost, which can only be optioned on the CT4-V and CT4-V Blackwing, and the latter color will have limited availability. The CT5 gets one of those new premium exterior hues, Blaze Orange Metallic. It will be available on the CT5 Sport alone. The base 350T models powered by the 2.0-liter turbocharged four-cylinder also had their fuel economy figures updated recently. The rear-driver gains another mile per gallon in the city and combined, the all-wheel driver gains one mpg in the city and loses one mpg on the highway, according to the EPA. The XT4 drops the premium exterior colors Shadow Metallic, Garnet Metallic, and Autumn Metallic. They are replaced by Galactic Gray Metallic, Latte Metallic, and Rosewood Metallic, all of which will add $625 to the MSRP and be available throughout the model lineup. Cadillac Society reports that NFC capability falls away next year, the tech deemed outdated. The refreshed XT4 that had been expected next year is now thought to arrive for the 2023 model year.

2023 Cadillac Lyriq driven, Celestiq coming | Autoblog Podcast #736

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder. JBS is fresh off the first drive of the 2023 Cadillac Lyriq, and our hosts have some thoughts about the upcoming Cadillac Celestiq. Greg has been spending time with the Lincoln Navigator. The next-generation Ford Ranger is coming, and we've got some thoughts about it. We also discuss some of the electric pickups coming our way (and some that will almost certainly not come to fruition). Finally, in this week's "Spend My Money" segment, a reader selling a Tesla Model Y, and is looking to replace it with another EV and a hybrid, with a budget of $70,000. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #736 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Driving the 2023 Cadillac Lyriq Cadillac Celestiq is coming, could cost over $300,000 Driving the 2022 Lincoln Navigator Next-gen Ford Ranger spied Electric pickup trucks in the works Spend My Money: An EV and a hybrid for under $70,000 Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: