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Buick offers dealer buyouts in advance of EV remake for GM brand

Green Car Reports

Buick dealers uninterested in remaining with the brand for its EV remake, the head of Buick said in an interview with The Wall Street Journal published Friday. All of Buick's roughly 2,000 U.S. dealers will be given the opportunity to take a buyout, Global Buick boss Duncan Aldred said in the interview.

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GM will offer U.S. Buick franchise dealers buyouts

Teslarati

General Motors said that it will offer all of its Buick franchise dealers in the U.S. In June 2022, Buick announced plans to go all-electric by 2030 starting with a crossover SUV in 2024. Global Vice President of Buick and GMC, Duncan Aldred, told WSJ that shifting to EVs will require significant investments by Buick dealers.

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Report: Chevy not planning dealer buyouts over EVs as GM offered for Buick, Cadillac

Green Car Reports

Chevrolet won't follow sibling General Motors brands Buick and Cadillac in offering buyouts to dealerships that don't want to sell electric vehicles, a GM executive said in a recent interview with The Verge.

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Buick dealers in rural areas move toward buyout instead of EV adoption

Teslarati

Buick dealers in rural areas are moving in favor of buyouts from General Motors instead of shifting toward EV adoption, dealerships said. In September , GM said it would offer Buick dealerships in the U.S. GM is not the only company attempting to push dealers to transition to predominant EV sales over the next decade.

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Buick Dealerships Taking Buyouts, EV Sales Program Rejected By 47 Percent

The Truth About Cars

Buick reportedly spent 2023 closing a lot of dealerships. While the total sum can vary by hundreds of thousands, based on the size and needs of individual dealerships, the average Buick showroom is estimated to be paying somewhere around $350,000 to make the changes necessary to satisfy General Motors. sales, Aldred said.

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Buick unveils new design and branding with a sleek gold Wildcat EV

Baua Electric

Buick is in the middle of “an evolution” as it introduces a new design based on the Wildcat EV concept. Buick unveils Wildcat EV-inspired design language Although Buick has yet to launch its first EV in the US, the automaker is prepping for its next era. Buick’s Electra E5 now starts at $23,600 (169,900 yuan).

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Chevrolet Won't Offer Buyouts To Dealers Refusing Switch To EVs

InsideEVs

Buick and Cadillac dealers that take buyouts could end up exclusively selling Chevrolet vehicles, Chevy's global VP Scott Bell says.

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