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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. The brand lost 47 percent of its American retail locations through the year, which has been attributed to General Motors buying out storefronts that refused to invest in the necessary changes required to sell all-electric vehicles.

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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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Penske buys 2 North Carolina luxurious dealerships

Baua Electric

The gang’s web site lists alternative shops in North Carolina and South Carolina promoting Mercedes, Porsche, Infiniti, Maserati, Alfa Romeo, Jaguar, Land Rover, Buick, GMC and Cadillac cars. of Penske’s retail car gross sales within the quarter, with BMW and Miniature accounting for 25 p.c Baker Motor Co., billion, up 8.1

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Ford, Chevy and Buick-GMC-Cadillac dealerships promote throughout 4 states

Baua Electric

Garber Car buys two Fresh York dealerships Garber Car Workforce has bought two retail outlets in Canandaigua, N.Y., 27 got Farnsworth Chevrolet, Randall Buick-GMC-Cadillac and a crash middle from Randall Farnsworth Auto Workforce, a family-owned industry in Canandaigua, southeast of Rochester. promoting Common Motors manufacturers.

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Unutilized Texas partnership buys Stellantis, GM and Kia dealerships

Baua Electric

27, Kramer Car bought Premier Chrysler-Dodge-Jeep-Ram and Premier Chevrolet-Buick-GMC in Livingston, and a used-car bundle in Porter, age Kimberly Eakin Car bought Premier Kia in Lufkin. The companions accredited a buyout from Normal Motors for the Buick franchise a time later the transaction closed, Kramer stated.

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GM sets October retail sales record in China, Up 15%

Green Car Congress

General Motors and its joint ventures’ retail deliveries rose 15% year-on-year to a record 327,037 vehicles in China in October, with Buick posting its best-ever monthly sales. Buick sales gained 42% in October, with monthly sales exceeding 100,000 units for the first time. Chevrolet sales declined 8.4%

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Chevrolet will NOT buy out Chevy dealerships if they don’t sell EVs

Teslarati

In recent years, General Motors brands Buick and Cadillac have announced that they will give dealers a buyout option if they are unwilling to sell electric vehicles. Cadillac was the first GM brand to offer dealers a buyout option if they were unwilling to invest in sales electrification and its associated investments.

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