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Cadillac begins taking orders for 2016 CTS-V

The redesigned CTS-V fetches $84,990 and will arrive in showrooms by late summer.

General Motors has announced that US dealers are now taking orders for the 2016 CTS-V.

With a retail price just shy of $85,000 (including $995 freight), the high-performance sedan sells for slightly less than the $93,600 BMW M5 and the similarly priced Mercedes-Benz E63 AMG.

"The new CTS-V is essentially two cars in one: a luxury sedan with sophisticated road manners and a track-capable sports car with awe-inspiring performance," says Cadillac chief Johan de Nysschen. "This type of car is exclusive, the domain of the few who can access this level of incredible capability. V-Series matches or overtakes the finest cars in this elite class, while being more accessible."

Unveiled early this year in Detroit, the redesigned CTS-V touts a supercharged 6.2-liter V8 engine with 640 horsepower and 630 lb-ft of torque. Serving as Cadillac's most powerful regular-production car ever, the flagship V-series model is capable of hitting 60 mph from a standstill in just 3.7 seconds.

The company is hoping some of the CTS-V's finer details help pull buyers away from German rivals. A carbon-fiber hood helps minimize overall heft and improve front-rear weight balance, while Brembo brakes slow down the 19-inch aluminum wheels in a hurry.

The CTS-V will arrive in showrooms by late summer, a few months behind the spring launch for the new ATS-V.

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