What is it?
Cadillac’s smallest sedan, in its sportiest form. (At least, for now. More on that later.)
Is it new?
Yes — sort of. Beneath the skin lies a revamped version of the ATS, Cadillac’s small, sporty four-door that dates back to 2012.
The name, though, is all-new — part of Cadillac’s latest rebranding campaign, in which sedans all get names that start with CT and SUVs get names that start with XT. Except the Escalade, because it’s the only Cadillac left with a name that means something to the broader public. And their future electric cars, because Caddy is already giving up on that CT/XT nomenclature.
The -V appended to the back of CT4 signifies that this is the performance-oriented version, though that letter doesn’t mean what it used to mean. Previously, the -V suffix was reserved for the hottest of Caddys, with medium-spicy performance versions using the Vsport trim name; as of 2018, however, Cadillac starting rebranding Vsports as -V models, presumably to try and squeeze as much out of one of their few well-known names as possible. Super-high-performance CT4-V and CT5-V models will arrive soon, with the term Blackwing appended to their names.