General Motors Co. said Wednesday it’s shaving about $9,000 off the price of its Cadillac ELR plug-in hybrid for the 2016 model year.
Cadillac said after U.S. federal tax credits of $7,500, the 2016 ELR will start at $58,495. The current model starts at $75,000 and after tax credits starts at $67,500.
The ELR luxury coupe has been a slow seller and has been heavily discounted at times by some dealers to move them; last year GM sold 1,310, and through March this year, Cadillac has sold 311. That’s up from 180 sold during the same three months in 2014.
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