I am seeing a trend here. Buick is the second GM brand to make this offer.
If you have not seen it, I recommend that you watch this interview with GM VP Mark Ruess. GM is expecting their dealers to go through quite a transformation. One example is that all dealers will install and provide a network of EV chargers on site at their dealership. Some current dealerships don't have the physical real estate to do this today, and will need to acquire more space and property as well as make significant infrastructure investments.
I have to give credit to GM for planning for this transformation, both in technology and business acumen, as this business is going to change a lot in the next 5 to 10 years. I am sure not all of the present franchises will want to make the transition. The real question is, will GM keep the dealers they buyout as wholly owned subsidiaries, or try to transition them to other dealers who are committed to the future plan?
GM offers to buy out Buick dealers that don't want to invest in EVs
The buyout offers are the latest efforts by GM to accelerate the company's electric vehicle plans and transform its sales network.
www.cnbc.com
If you have not seen it, I recommend that you watch this interview with GM VP Mark Ruess. GM is expecting their dealers to go through quite a transformation. One example is that all dealers will install and provide a network of EV chargers on site at their dealership. Some current dealerships don't have the physical real estate to do this today, and will need to acquire more space and property as well as make significant infrastructure investments.
I have to give credit to GM for planning for this transformation, both in technology and business acumen, as this business is going to change a lot in the next 5 to 10 years. I am sure not all of the present franchises will want to make the transition. The real question is, will GM keep the dealers they buyout as wholly owned subsidiaries, or try to transition them to other dealers who are committed to the future plan?