I currently own a 2005 XLR (Red/Shale) which I really like and have been considering upgrading to a V. As an alternative, I may just jump to a Z06 which, of course, is an entirely different type of vehicle - - but an outstanding one at that.
Anyway, in talking with dealers and searching the Internet I've been shocked by two things:
1) The availability of 2006 V's is incredibly large for a car that is billed as a "limited edition", and
2) The "value" of my 2005 on a trade-in (with all of 7500 miles) is dropping faster than an anvil in water.
My questions are these:
Do people on this forum believe that GM is really committed to this vehicle as a long-term key to the future of Cadillac, or are we witnessing a "blowout sale" of this luxury roadster? If they are committed, then how can inventories (and pricing) for both new and used vehicles be at the levels they are? Either someone grossly overpriced the vehicle to begin with or grossly over estimated the demand. At about 4,000 units on annual basis with 1,000 or less of those being V's what is XLR's market vs. MB's SL500/SL55? Any ideas as to GM's strategy is this regard would be helpful. The 06's are sitting there and the truck with the 07's, like Santa Claus, will soon be here.
I'd appreciate your feedback as I don't want to throw good money after bad.
Anyway, in talking with dealers and searching the Internet I've been shocked by two things:
1) The availability of 2006 V's is incredibly large for a car that is billed as a "limited edition", and
2) The "value" of my 2005 on a trade-in (with all of 7500 miles) is dropping faster than an anvil in water.
My questions are these:
Do people on this forum believe that GM is really committed to this vehicle as a long-term key to the future of Cadillac, or are we witnessing a "blowout sale" of this luxury roadster? If they are committed, then how can inventories (and pricing) for both new and used vehicles be at the levels they are? Either someone grossly overpriced the vehicle to begin with or grossly over estimated the demand. At about 4,000 units on annual basis with 1,000 or less of those being V's what is XLR's market vs. MB's SL500/SL55? Any ideas as to GM's strategy is this regard would be helpful. The 06's are sitting there and the truck with the 07's, like Santa Claus, will soon be here.
I'd appreciate your feedback as I don't want to throw good money after bad.