Cadillac cuts price of ELR plug-in, amps up performance

April 15, 2015 7:51 PM

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Cadillac cuts price of ELR plug-in, amps up performance

Cadillac is cutting the price of its slow-selling ELR plug-in luxury coupe by a whopping $10,000 and giving it a performance upgrade that it hopes will reposition it as a sportier contender in the market.

The new price for the 2016 model will be $65,995 including shipping, down from $75,995. And the new price will appear even lower to many car shoppers because it will be advertised with the $7,500 tax credit included, making it $58,495.

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