2020 Cadillac Escalade Reportedly $10,000 More Than the Current Escalade Model
The Cadillac Escalade celebrates its 20th anniversary this year and has been a staple of the Cadillac lineup ever since. With a staring price of $74,695, the Escalade is already quite pricey, and recent reports suggest that the Cadillac Escalade is set to become even more expensive. The 2020 Cadillac Escalade will reportedly be $10,000 more than the current iteration of the SUV.
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These reports suggest that the 2020 Cadillac Escalade will have an asking price of around $85,000. Meanwhile, the 2020 Escalade ESV will start at approximately $88,000. The Escalade’s most luxurious trim levels will land somewhere near the $120,000 price range. Currently, the Escalade’s top trim levels come with a price tag of approximately $100,000.
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This new price point shouldn’t be too alienating for the average Escalade customer. Most Escalade models sold today go for a price between $85,000 and $90,000. The new price point will also ensure that the Escalade doesn’t steal sales away from the upcoming Cadillac XT6. Slotted below the Escalade, the XT6 is designed to bridge the gap between the Escalade and the brand’s less expensive SUV options, such as the XT5.
Automotive rivals like the Lincoln Navigator aren’t currently set to experience such drastic price increases between now and 2020. To justify the higher asking price, Cadillac will need to introduce several upgrades and new features to the Escalade. Currently, the 2020 Cadillac Escalade is set to receive features to better differentiate it from similar GM models like the GMC Yukon. Undoubtedly, Cadillac will share more details about these features as the official release date approaches.
News Source: GM Authority