With an all-new model on the way, Cadillac plans to take a big price hike when it launches the 2015 Escalade later this year.
The next-generation full-size luxury SUV will start at $72,690, including a $995 destination charge, or nearly $8,000 more than the old model. That could change the competitive game in a landscape now full of luxury utes.
The 2015 Cadillac Escalade, which made its formal debut at a splashy media event in New York last October, is based on a new platform and offers an array of new comfort, safety and performance features – for which manufacturers traditionally attempt to cover costs by boosting prices. But the maker insists the increase isn’t as significant as it seems, as Cadillac is actually eliminating its “base,” $64,740 ‘Slade model for 2015. (more…)