Following a successful campaign at Cadillac last year, GM will offer a buyout to Buick dealers who do not want to sell electric cars.
If you own a new car dealership, preparing to sell electric cars can be an expensive proposition. Service people need to be retrained, new tools and diagnostic equipment need to be purchased, and charging equipment needs to be installed. The cost of all that can range from $200,000 to $500,000 per dealership and not everyone is thrilled about that.
The Buick division of General Motors intends to only manufacture electric cars for its customers beginning in 2030. That’s five years sooner than California’s newly announced prohibition on the sale of cars and light duty trucks with gasoline or diesel engines . Following a policy that began with Cadillac dealers, Buick will offer all of its 2000 dealers in the US the opportunity to opt out of the electric car future.
GM offered a similar buyout opportunity to its Cadillac dealers last year. Several hundred of them accepted the offer, and today, Cadillac has about 40% fewer dealers than it did in 2018. According toGM spent $274 million on the Cadillac dealer buyout program.
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