The Great Depression was marked by economic downturns and slight recoveries. Despite General Motor’s optimism, 1933 proved to be yet another economically disappointing year. Cadillac announced that it would limit 1933 production of V-16’s to 400 motorcars. Only 126 were manufactured of which 9 were Fleetwood bodied All Weather Phaetons.
Fleetwood built the majority of the 1933 V-16 bodies of which only 9 were All Weather Phaetons. List price of the #5579 was $8,000.00 an incredible sum for such economically bleak times.
The convertible sedan or all weather phaeton was the most costly coach to build because the frame needed to be heavier and stronger than that used on a sedan. The absence of a roof resulted in enough chassis deflection to make alignment of the doors difficult. Center posts were never strong enough to support the weight of the doors as there was no roof to give it rigidity. Therefore, the front doors were mounted to the cowl and the rear doors to the rear section of the body.
V-16's were built on a 149” wheel base, had the Vee-shaped grille/radiator shell, skirted fenders, and no-draft ventilation common to the full line. Detail distinction was achieved with a new, winged goddess mascot; large, spinner hub caps; absence of crankhole cover in the grill; and an awkward, four-bar bumper. Hood side panels carried two vertical doors plus three stylized horizontal louvers. Vertical louvers on front fender skirts, shown in promotional literature and used on mockups, were replaced in "production" by three horizontal louvers matching the hood louvers.
Mechanical changes were few. A higher compression ratio was available to utilize improved gasolines. Except on early production, wheel size was reduced from 18" to 17".