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Half of US Buick dealers chose buyouts over selling EVs in 2023

Electrek

Nearly half of Buick dealers took buyouts from GM this year instead of committing to selling and servicing EVs. more… The post Half of US Buick dealers chose buyouts over selling EVs in 2023 appeared first on Electrek.

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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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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 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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California grid, Lucid Air Pure, Buick EV shift, EV weight gain and road safety: Today’s Car News

Green Car Reports

Buick offers buyouts to its dealers unconvinced of the EV shift. Lucid teases more affordable versions of its Air being made. An ongoing California heat wave serves to emphasize the importance of time-of-use rates and smart EV charging in the future. And are heavy EVs a concern for everyone else?

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GM Dealers Want Hybrids Instead of More EVs

The Truth About Cars

Cadillac and Buick dealers accepted buyouts in large numbers to avoid making investments to sell EVS, and now the automaker’s dealers are pushing it to develop more hybrids instead of releasing new electric models. The company understands its dealers’ concerns but has not detailed plans to offer such products.

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Buick dealers expect to spend at least ‘$300 to $400K’ to sell EVs as the brand goes all-electric

Electrek

General Motors is giving its Buick dealers an ultimatum – invest in the company’s future as it transitions to an all-electric future, or take a buyout. However, with the minimum upfront costs ranging from $300,000 to $400,000, some Buick dealers are apparently taking GM up on its buyout offer.

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