Half of Buick Dealers Take Buyouts to Avoid Having to Sell GM’s Electric Cars

Breitbart ^

[Ronaldus Magnus III]

Almost half of Buick dealers across the United States have opted to take buyouts from General Motors (GM) to avoid having to sell Electric Vehicles (EVs) at a time when consumer reports show Americans are increasingly turned off by the cars.

According to GM, almost 1,000 of its nearly 2,000 Buick dealerships across the U.S. chose to take buyouts from the parent company rather than investing potentially millions into retooling and prepping dealers to service and sell EVs.

[Ronaldus Magnus III]

Back before Kalifornia Governor Grey Davis was recalled, Governor Davis 'mandated' that 10% of all cars sold in Kalifornia be electric. They put charging stations at carpool lots and other areas. Toward the end of the year it became obvious that not enough EVs were purchased to make the magic 10%. So......the Governor had the State purchase just enough to reach the 10%.

Fast forward to today, there is still no 'market' for EVs without subsidies (taxpayer dollars). I would wager that many of the EV buyers have 2+ vehicles, and $$$ to install their own home chargers. They have at least one gasoline-powered vehicle that takes 4-5 minutes to 'charge.'

[Fuzz]

There are Buick dealers?

[Lockbox]

Do you think GM and others are driving dealers away so the MFG can sell direct? They need to compete with Tesla somehow.

[Boomer]

I was thinking the same thing.

The rats think they can force the public to accept EV’s like they forced no-smoking areas on people.

Rats are control freaks who think the world revolves around them. Then get all pouty then have a tantrum when it doesn’t go the way they want it to. Just like spoiled children.

Total narcissists.

[bray]

Not everyone wants to pay twice the price for half the car.

[Secret Agent Man]

This is all welcomed by government. There will be less places selling cars, both ev vehicles and gas vehicles. They want this. They want people to not have private transportation.

All of this has that as a main goal.

[Chad C. Mulligan]

Take the buyout and come back as Nissan or Toymotor or Lexus dealerships and laugh all the way to the bank.

[Right Brother]

Bingo.

[joshua c]

its almost like collectivists are tyrannical

go figure

[allendale]

If you are a wealthy elite you virtue signal by buying a Tesla. If you are a complete fool you buy a Ford or GM EV.

[roving]

In my city with 25,000 people, I could count on one hand how many electric cars I’ve seen in this town. There are so few, they had to pull out the Chargers.

[FrankRizzo890]

Wouldn’t you really rather have a buy-out?

[PGR88]

Its like the Soviet Union, but in reverse

People wanted their crappy, government-mandated car, but had to wait 8 years to get one due to lack of supply

In America, government is paying to over-produce crappy, government-mandated cars, but no one wants them.

[Republican Wildcat]

They could have paid to improve the technology - smaller, safer, more efficient, etc. Instead they are pushing for mass manufacturing of a product not ripe for prime time. And it could get there...electric vehicles have been around awhile, and the ones we have now are obviously better than the ones around 20 years ago. They could have been viable if the government had either stayed out of it or instead invested in the R&D side only. Now they may never be.

[ProtectOurFreedom]

Joetato says: “Well Damn Them! We’ll RAM them down their throats! We’ll show them! They’ll go all EV or we’ll put them out of business. Jerome! Go print another couple trillion!”

[alexander_busek]

Half of Buick Dealers Take Buyouts to Avoid Having to Sell GM’s Electric Cars

What does it actually mean when a car dealership (I'm assuming that a so-called "Buick dealership" is entitled / allowed to sell ONLY vehicles from that one manufacturer) accepts a "buy-out?"

Does it mean that the dealership closes? Or that they terminate their contract with Buick, but are free to continue selling motor vehicles?

Are they, in essence, accepting an offer from Buick to prematurely end their "special business relationship" (like a "franchise?") in exchange for some pecuniary considerations?

Regards,

[inchworm]

Some dealers are somewhat smart

[POWG]

I see way more Teslas on the road than Buicks.

[Nateman]

Apparently buyout means a dealer has two choices. Invest in everything you need to sell Buick EV’s or stop selling Buicks. Half of the Buick dealers opted to stop selling Buicks. I’m surprised it was only half given how inferior EV’s are.

[GaltAdonis]

NEW 2024 BUICK ENVISTA
FWD 4dr Preferred
VIN KL47LAE2XRB045738
STOCK NUMBER N10617

$25,074