In a move to capture a greater share of the entry-luxury segment,
Cadillac announced it is adding a sport edition and revising marketing
efforts on its popular Catera sedan. The Catera Sport will go on sale in
mid-May '99, with the extra equipment estimated to add less than $800 to
Catera's $34,180 base price. The new model is designed to appeal to the
sport-oriented set -- thirty-something men and women who enjoy driving and
desire more control behind the steering wheel.
According to John Smith, Cadillac's general manager and General Motors vice
president, the entry-luxury segment has been steadily growing with the U.S.
economy. At the same time, the segment has become more fragmented as consumers'
tastes have become increasingly specialized.
"Since
its introduction two years ago,"
said Smith,
Catera has been delivering on the
promise to bring new, young -- including female -- consumers to Cadillac.
Catera's blend of European handling and Cadillac luxury has received critical
acclaim from the motoring press and given us a growing foothold in the
entry-luxury segment.
"We believe there are opportunities to make Catera an
even more interesting choice in the segment,"
he added.
"Sport buyers are
looking for a basically sound and competent package but with components that
give it an edge, in both looks and feel. Catera's excellent ride and handling
and outstanding braking help communicate one of Cadillac's leading benefits
well - precise all-weather control. But we can do more."
Cadillac is also revising the marketing campaign for Catera.....sans the
well-known duck. According to Catera Brand Manager Jay Spenchian, the duck was
effective in generating awareness, but consumers felt it trivialized what is a
very substantial sedan.
"The sport edition fits perfectly with Catera's 'luxury
that's fun to drive' positioning," said Spenchian, "but we have retired the
duck to focus awareness on the impressive performance of the vehicle. We'll
also continue to reach our target consumers in unexpected venues such as
upscale restaurants, art museums, mountain biking races and music events across
the country."
Available in Ebony, Ivory or Platinum exterior paint, the Catera
Sport features new 16-inch, 7-spoke aluminum wheels mated to H-rated Goodyear
P225/55R16 tires; firmer suspension tuning with automatic load-leveling;
specific grille; rear decklid spoiler and more aggressively styled rocker
moldings. Interior appointments include black articulating sport leather seats
with adjustable thigh bolsters, driver and passenger side-impact airbags
(Catera's first) and gun-metal trim. Like all 1999 Cateras, the Sport also
features electronic throttle control and a new torque converter for improved
off-the-line launch feel. Spenchian said the Sport is not a one-time "spring
special," but a permanent model that will be offered again in the 2000 model
year and beyond. Its low-volume production -- approximately 2,000 units in 1999
-- should also appeal to the luxury consumers' penchant for exclusivity.