Dealers Are Already Jacking Up Prices On The Cadillac Lyriq

When orders opened for the new Lyric earlier this month, Cadillac offered new owners some sweet deals, including two years of unlimited public charging credits at EVgo, or a $1,500 credit towards a home charger installation from Qmerit, but buyers are now facing some big mark-ups.

GM’s suggested retail price for the Lyriq is a cool $59,990, but as we all know, dealers tend to ask a bit more, and one dealer is asking $5,000 more. Posting on markups.org, a customer of a Thousand Oaks dealership named Melanie said that she placed a pre-order for the 2023 Cadillac Lyriq Debut Edition when the order books first opened last year. After making an inquiry to the dealer, she was told by a sales representative of Silver Star Cadillac that they would be adding a $5,000 “market adjustment fee” to take into account the high demand and limited supply of Lyriq vehicles.