Cadillac Sells Out First Electric Vehicles in Four Hours
» Posted July 15, 2022 Resources | Share This Post
GM has a good problem on its hands.
The company says demand for its new Lyriq electric sport utility vehicles is so high that GM sold out of the cars just about four afters after making them available for sale online.
“This week marked a historic moment in Cadillac’s journey to an all-electric future as the brand’s first EV went on sale," GM spokesman Mike Albano said in a statement provided to the Detroit Free Press. "Customer demand for the Lyriq has matched our expectations and we look forward to exceeding their expectations when they take delivery of their Lyriq."
The company declined to say how many orders it received. GM previously said about 233,000 people initially expressed interest in buying a Lyriq without having to put any money down on an order. It generally expects about 10% of those “hand raisers” to actually purchase vehicles.
“Earlier this year, GM told suppliers to prepare to produce 25,000 Lyriqs this year,” Jamie L. Lareau reports for the Free Press. “The Lyriq is the cornerstone for Cadillac as it is the first of GM's brands to go all-electric by 2030.”
GM says it will only sell electric cars by the same time.
The company plans to start sending the luxury Lyriq sport utility vehicles to buyers this summer. The rear-wheel drive vehicles, built in the company’s Tennessee plant, come with a starting price of just under $63,000.
Safety Concerns for GM Drivers
Meanwhile, GM has issued a series of recalls that pose serious questions about whether its cars are safe to drive.
Earlier this year, for example, the company announced it was recalling nearly 700,000 vehicles over a windshield wiper defect that could make them difficult to drive in wet weather.
Last year, GM recalled roughly 15,000 vehicles because of a fuel pump defect that the company said could result in cars stalling unexpectedly, increasing the risk of a crash. GM more recently called back some 95,000 sport utility vehicles, citing a defect that could cause their seatbelts to become inoperable.
How the California Lemon Law Works
The good news for GM and other car owners in California is that you do not need to wait around for a recall to get a malfunctioning car fixed.
The California lemon law requires carmakers to perform various repairs on vehicles while they are under warranty. It also forces manufacturers to buy back (or replace, in some circumstances) cars that they cannot fix or that they refuse to repair. That includes compensating the owner for the vehicle’s purchase price, along with financing fees, rental car expenses and other costs.
Speak with a Los Angeles Lemon Law Attorney
If you are locked in a dispute with a car manufacturer over a malfunctioning or defective vehicle, an Los Angeles lemon law attorney at Bickel Sannipoli APC can help.
We have successfully assisted car owners across the state. Our offices are conveniently located in Los Angeles, San Diego and San Francisco. Call us at (888) 800-1983 or contact us online to speak with a Los Angeles lemon law attorney today.