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GM buys out nearly half of its Buick dealers across the country, who opt to not sell EVs
Elderberry:
Detroit Free Press by Jamie L. LaReau 12/20/2023
General Motors said nearly half its Buick dealers took buyouts this year rather than invest in selling and servicing electric vehicles as the automaker's brands transition to all electric by 2030.
That means GM will end 2023 with about 1,000 Buick stores nationwide, down 47% from where it started the year.
Late last year, Buick said it would be asking dealers to commit a minimum investment of $300,000 to $400,000 to prepare their stores to sell and service EVs.
"Buick is transforming, launching the best vehicles the brand has ever had and is the fastest growing mainstream brand in 2023," said GM spokesman Sean Poppitt in an email this week to the Detroit Free Press. "This all needs to be supported by the best customer experience in the transition to EVs. 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."
More: https://www.freep.com/story/money/cars/general-motors/2023/12/20/gm-buick-dealerships-buyouts/71978066007/
Wingnut:
Buick will go the way of Oldsmobile, Saturn and Pontiac as brands that are on the ash heap of history because of GM mismanagement.
cato potatoe:
Isn’t Buick supposed to make BarcaLoungers on wheels? Is the elderly demographic cohort disappearing? Buick should stick to what they know, and quit trying to reinvent themselves.
Wingnut:
--- Quote from: cato potatoe on December 22, 2023, 12:04:55 pm ---Isn’t Buick supposed to make BarcaLoungers on wheels? Is the elderly demographic cohort disappearing? Buick should stick to what they know, and quit trying to reinvent themselves.
--- End quote ---
This is what happens when they hire educated idiots (non car guys) and place them in management positions.
GtHawk:
The same thing happened with Cadillac dealers a while back when they refused to invest crazy money to service Cadillac EV's.
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