Print 73 comment(s) - last by BifurcatedBoat.. on Jul 18 at 6:54 PM

GM has only sold 390 ELRs so far this year

Many people laughed out loud when General Motors priced its Cadillac ELR plug-in hybrid car at $75,000. The laughter grew even louder when GM pitched the ELR as a logical competitor to the BMW 6-Series Grand Coupe.
Well, there was definitely no laughter coming from GM once the dismal sales numbers for the coupe started rolling in. Through April 2014, only 241 ELRs were sold. Through June 2014, that number had only risen to 390 vehicles. GM was so desperate to move the vehicles that it offered $5,000 in incentives (per vehicle) just to get people to test drive the car along with $3,000 in incentives for buyers and lessees.
Today, we’re hearing about even more bad news for GM with regards to the ELR — or good news if you’re still in the market to purchase one. Transport Evolved is reporting that one Cadillac dealership in Maryland is offering up to $13,600 in discounts on the ELRs just to get them off the lot.

Likewise, dealerships in Austin, Texas and Bradenton, Florida are offering up to $12,000 off the vehicle. Also keep in mind that the a $7,500 federal tax credit is still in effect (if you qualify) in addition to various state credits/rebates that are available. Combine the $7,500 federal tax credit with the $13,600 discount from the Maryland dealership, and you’re looking at over a $20,000 price cut on a vehicle that hasn’t even been on the market for a full year yet.
As some of our commenters have pointed out, $55,000 is probably still too much to pay in their minds for what is essentially rebodied Chevrolet Volt with a plush interior.
While GM is still struggling to find buyers for its ELR, Tesla Motors is having no trouble selling its $69,000+ Model S electric sedan. For Q1 2014, Tesla sold 6,457 Model S sedans and is expecting global deliveries of 35,000 vehicles for all of 2014.

Updated 7/11/2014 @ 3:34PM
A Cadillac dealership in Ellicot City, MD is actually offering up to $18,985 off new ELRs, which is actually quite... shocking.

Sources: Transport Evolved,

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By Reclaimer77 on 7/11/2014 9:21:00 AM , Rating: 0
I'm not sure how a European can say that car is ugly compared to the sea of bubble-car looking econoboxes that litter the European landscape.

By michael67 on 7/11/2014 1:11:32 PM , Rating: 2
Hmm, and do hose bubble-car looking econoboxes cost $75K?

Find me any European sports car that looks like that, or even any premium car that looks like that.

By Reclaimer77 on 7/11/2014 2:29:16 PM , Rating: 1
The SL550

The McLaren P1

Then we have the Lamborghini Veneno. A $4.5 million dollar supercar that not even Batman would be caught dead in.

By michael67 on 7/11/2014 6:52:36 PM , Rating: 2
First of that are not mainstream cars that don't compete with Model S, 6 series or A8 type of cars.

And even do i to am not a fan of the SL550 looks, its no ware as butt ugly as the Caddy.

And the P1 and Veneno are super cars, they are like fashion, you like it ore not, but even if you don't like how it looks, it still go's from 0 to 60 in under 3 sec.

I don't care how it looks, i still want one, and ehhh what was the speed of the Caddy again for 0 to 60?

That car just has really noting going for it in the looks or spec department, and still they dared to ask 75K for it. o_0

By Flunk on 7/11/2014 3:57:38 PM , Rating: 2
Lexus LFA (actually costs hugely more than $75K).

By michael67 on 7/11/2014 6:35:30 PM , Rating: 2
Lexus is Toyota, and is certainly not European.

Next to that is a Super car, not a mainstream car.

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