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Amid Ongoing General Motors Strike, the Cadillac Escalade Payment Increases by Nearly 40%
Wantalease.com, the nation’s first online car lease marketplace for new lease deals, reports the latest update on new lease offerings for the month of September. While the majority of automotive brand prices remained steady into September, some GM models saw price increases.
The Cadillac Escalade increased in price by $326.94 this month, bringing its monthly payment to $799 per month. This could be related to falling sales as indicated in the GM Q2 report, which showed a 2% decrease in sales of the Escalade. This prompted GM to offer an $8000 rebate on the Escalade for the months of July and August, encouraging shoppers to purchase rather than lease.
The only vehicle priced higher than the Escalade is the BMW X5, which is priced at $949 per month, and increased by 5.79% from August to September.
The Nissan Sentra is currently priced the lowest of all vehicles, coming in at just $129 per month. The Sentra has held steady at the same price for the past three months. The vehicle with the largest discount in September was the Chevrolet Malibu, with a decrease of -3.67%, bringing monthly payments to $386.19.
“We anticipate that manufacturers who seem to be holding steady on new lease prices will begin considering payment changes and incentives in the upcoming months,” said Scot Hall, Executive Vice President of Wantalease.com. “Manufacturers know the biggest shopping holidays for the year are quickly approaching, as are end-of-year rollouts for 2020 release models.”
Other vehicles that experienced price increases for the month of September include the Ford Expedition, the Cadillac CTS and the Subaru Legacy. The Expedition increased in price by 4.31%, bringing monthly payments to $514 per month, the CTS increased by 1.94% bringing monthly payments to $419 and the Legacy increased in price by 3.45%, bringing payments to $235 per month.
Wantalease.com is a sister marketplace to Swapalease.com, the nation’s largest online marketplace for leases.
Headquartered in Cincinnati, Ohio, Wantalease.com is the world’s first online automotive marketplace for new car leases. For more information visit www.WantAlease.com.