Cadillac V16 Roadster 1930.psd
The Cadillac V16 was not known for its massive power numbers. It was more about reliability and running smoothly. The car's 16-cylinder engine had a top speed of 110 mph and took 24 seconds to reach 60 mph. The car also achieved only eight men and burned a quart of oil every 150 miles. In a word, it was a slow-moving machine. This was an amazing feat for the time.
The 1930s stock market crash was not yet fully realized, and most economists considered the slump a 'severe' market adjustment. No one knew how deep it would go or how long it would last, but the automobile was widely regarded as a desirable classic and an excellent choice for those who want to experience the thrill of driving a luxury car without a lot of complications. Nonetheless, the car was popular and, by the end of the decade, it became a loss leader for Cadillac.
The 1930 V16 was a luxury car and was very expensive. But it was very popular, and the demand for it was very high. Production reached 2000 examples by June, and despite the recession, the car was sold for over one million dollars. In fact, the price of a restored Cadillac V16 Roadster in its original condition was more than double its original price. In this case, the original owner was an individual, not a company.