With the upcoming launches of its new electric vehicles, the “IQ” crew (Lyriq, Optiq, Vistiq), the brand is going after current Mercedes-Benz and Audi buyers (source: Automotive News).
“About 70% of people buying the Lyriq midsize crossover are conquests,” says John Roth, Vice President of Global Cadillac.
To do so, Cadillac is turning its focus to experience.
So, what do Cadillac buyers say today?
Our assessment: Cadillac is positioned reasonably well to make this vision a reality.
Currently, the Cadillac brand outperforms Audi and Mercedes by 0.72% and 12%, respectively in positive mentions of the Sales Department but averages around 20% fewer positive mentions for Professionalism and Knowledge than the brands Cadillac hopes to conquer.
Roth says Cadillac plans to focus on the “training component this year to consistently deliver a high-end customer experience at all Cadillac showrooms.”
According to Cadillac customers, Professionalism and Knowledge should be the center of that training. Further, selling EVs requires a more knowledgeable staff to balance a less educated consumer.
The good news - if Cadillac can “conquest” buyers based on fresh products and a standout customer experience, the brand is well-positioned to retain those customers.
Negative mentions of the brand's Service Department occur 15% less often than Mercedes.
Additionally, Cadillac has an outstanding Communication ranking, ranked 6th out of 32 brands, with 7.27% fewer negative mentions. Widewail’s research finds poor communication to be the #1 cause of negative reviews in automotive.
(Find Cadillac’s brand scorecard on page 41 of the 2024 Brand Scorecard Report)