Amid reports of Cadillac not dropping the CT6 from the U.S. market, here’s other refreshing news for fans of the American luxury sedan.

Cadillac announced the high-performance 2019 CT6 V-Series powered by the Blackwing engine, sold out this week in mere hours after the company started accepting preorders. As part of the preparation for the launch this summer, Cadillac started taking preorders the morning of January 14.

By 2:30 p.m. the same day, all 275 cars allocated to the United States were sold out. The news was broken to MotorTrend at the Detroit Auto Show by Cadillac President Steve Carlisle.

That’s quite an impressive feat for a car that starts at $89,785, even factoring in the two days at the Cadillac V-Performance Academy at Spring Mountain Resort in Nevada included in the Cadillac CT6-V’s price.

Announced in March 2018, the hand-built Blackwing V8 that powers the CT6-V is a 4.2-liter twin-turbo unit that makes an estimated 550 hp and 627 lb-ft (849 Nm) of torque. The engine is hooked to a Hydra-Matic 10-speed automatic transmission (10L90) that drives all four wheels.

Cadillac hasn’t released performance specs yet, but chances are the CT6-V will be a formidable opponent for the likes of the Mercedes-AMG S63 and the upcoming Audi S8. The high-performance sedan rides on 20-inch V-Sport wheels and uses 19-inch Brembo brakes developed specifically for it.

The CT6-V also packs a mechanical limited-slip rear differential responsible for increasing traction at the limit, as well as V-Sport specific suspension tuning for “improved roll control, cornering capability, and steering response.”

A technological showcase, the 550-hp sedan also features modified steering and Magnetic Ride Control damper calibrations, an exhaust system with active valves, track-tuned Active Rear Steer, revised AWD torque split, and track-focused stability controls, among many other things.