A Barrie, Ontario car dealer is kicking himself – or his salespeoples’ butts – after he refused a $105,000 offer on what is essentially a brand-new 1993 Cadillac Allante, now listed for sale at less than $78,000.
According to Automotive News Canada, Paul Sadlon, the owner of Paul Sadlon Motors, a GM full-line dealership located north of Toronto, ordered the car in 1993 as a surprise gift he never gave away—and the rare convertible has sat in his showroom since it was delivered.
Now, Sadlon says he will sell it for the price listed on his website – roughly $78,000, a figure one of his staff came up with without letting him know – but would still rather get the six figures he had in mind.
The Allante was a standout car for GM at its 1986 introduction, a company that in the late ’80s and early ’90s was selling unremarkable cars like the Chevrolet Corsica and Pontiac Trans Sport “dustbuster” minivan.
The car was styled by Italian design house Pininfarina, which also completed assembly of the cars. They were shipped to Torino, Italy as frames fitted with accessories and electronics, where Pininfarina would mate them with bodies and interiors before the cars were sent back to Detroit for the addition of powertrains.
It was an incredibly complicated and expensive process accomplished with the help of a specially-fitted Boeing 747. GM had originally planned to build 6,000 Allantes a year to compete with European luxury cars like the Mercedes-Benz SL, but the car’s best sales year was its last, 1993, when Cadillac moved 4,670. It’s not a stretch to imagine GM lost money on this car.
That jump in sales can be attributed in Cadillac’s too-little-too-late attempt to revive this car’s fortunes with an engine boasting a nearly 100-percent increase in power, to 295 hp; updated brakes; and an adaptive suspension that reacted to road conditions.
The Allante’s story makes it an interesting candidate as a collectible, but we’re not sure about how easy Sadlon will move the car at that price. Yes, the Allante sold for $59,975 US new, which is about $101,000 in 2017 dollars. But insurer Hagerty lists the value of a #1-condition concours-ready car at just $32,100.
We’ll be curious to see whether Paul Sadlon Motors can move this antique Allante, and how much they have to cut their asking price to do so.
(via Automotive News Canada)