Hundreds of Buick and Cadillac dealers in the US are opting to quit selling these brands rather than transition to electric cars.
General Motors has offered buyouts to almost half of its Buick dealers and about a third of Cadillac sellers, leaving many dealerships to continue selling other GM brands.
The dealers are reluctant to invest in expensive new servicing equipment and staff training required for GM’s plan to be 100% electric by 2030. (Trending: Judge Announces Historic Ruling In Jeffrey Epstein Case)
According to Fox Business Network, GM bought out 47% of its Buick dealers with an offer kicked off in 2022, leaving about 940 dealerships in the country.
The dealerships dissolved “due to their reluctance to sell electric vehicles as the automaker looks to transition to EVs,” explained the outlet.
GM responded, “Buick is transforming, launching the best vehicles the brand has ever had and is the fastest growing mainstream brand in 2023.”
“This all needs to be supported by the best customer experience in the transition to EVs,” continued the manufacturer.
Adding, “As stated before, this year we’ve given dealers who are not aligned with Buick’s future to exit voluntarily in a respectful and structured way; with the full support of our National Dealer Council.”
This trend reflects a disconnect between car manufacturers’ push for EVs and dealers’ concerns about declining EV sales and high start-up costs.