POLL: What's the newest Cadillac you own or have owned?

[James Landi]

"The 2010-2019 makes sense being the most so far for those that have a 'new' and 'old' Cadillac.  If I could break it down more and ask further questions I would as of those people why they don't have anything newer, cost?  Or don't they like the current offerings?  Is there a lot of difference between say a 2014 and a 2024?  They kinda look the same to me but I think the newest I have been in was maybe an 08ish."


Great questions Bruce... I suspect, but don't know, that some of us were significantly influenced by our parents, who survived the Great Depression, and only purchased rich men's throw-aways," VIZ: a used Cadillac.  During the 50's and 60's, Cadillac division marketed to my parents' generation, extolling the value of a used Cadillac, and Consumers' Union (now know as Consumers' Report), listed all used Cadillacs as highly desirable. 

[Clewisiii]

When I was a kid we had an 84 Chevy Celebrity. So no nostalgia at all for Cadillac.

I originally bought mine for the challenge. I wanted to find a Buick. But the cadillac was all I could find that week I decided to buy an old car.

[Big Fins]

And then, once you get into a Cadillac, you never look back!

["Cadillac Kid" Greg Surfas 15364]

TJ,
When I bought my 72 Eldo new in 1971 I was making about 30K and the car cost $9,390.00. That was about 1/3 of my annual income. If I wasn't retired today my annual would be something like 100K. How many cadillacs can you get for $30K?
Greg Surfas

[Eric DeVirgilis CLC# 8621]

TJ,
When I bought my 72 Eldo new in 1971 I was making about 30K and the car cost $9,390.00. That was about 1/3 of my annual income. If I wasn't retired today my annual would be something like 100K. How many cadillacs can you get for $30K?
Greg Surfas

According to the CPI inflation calculator, $30,000 in 1971 would be the equivalent of $232,000 today.  Enough to buy four CT5-Vs and have around $32,000 left over.

[TJ Hopland]

That was one of the things I was wondering, what has the relative price of a Cadillac vs other cars in general done over the years?  Has/is Cadillac trying to elevate the brand by raising the prices?

I was also wondering how many people that could afford a newer Cadillac are buying something similarly priced just not a Cadillac because they don't like whats available.   

["Cadillac Kid" Greg Surfas 15364]

Eric
You are correct. That is inflation. NOBODIES income has kept up with inflation. If something takes a larger proportion of your income it IS more expensive.
Greg surfas

[Eric DeVirgilis CLC# 8621]

That was one of the things I was wondering, what has the relative price of a Cadillac vs other cars in general done over the years?  Has/is Cadillac trying to elevate the brand by raising the prices? 

As in the example above, the price of a 1971 Eldorado would be the equivalent of $72,615 in inflation adjusted dollars. The base price of a new CT5-V is around $50,000; thousands less for a regular CT5. The Escalade runs significantly higher but it's far less of an apples-to-apples comparison to a '71 Eldorado.

[Eric DeVirgilis CLC# 8621]

Eric
 NOBODIES income has kept up with inflation.

Not according to the Bureau of Labor Statistics. The US median household income in 1971 was $10,290 and $74,580 in 2022. Acc to the CPI Inflation calculator, that works out to $74,356 (2022) which is nearly identical.

[Big Fins]

According to the CPI inflation calculator, $30,000 in 1971 would be the equivalent of $232,000 today.  Enough to buy four CT5-Vs and have around $32,000 left over.

And you could use that $32G's to buy the insurance on them.