17% of All Cadillac Dealers Decide to Take Buyout Offer, Rather Than Sell Electric Cars
About 150 out of 880 US Cadillac dealers decided against investing $200,000 in dealer upgrades that GM required ahead of launching Cadillac EVs
GM recently gave their 880 franchised Cadillac dealers an ultimatum - embrace the EV future or take a buyout offer to exit the brand. 17% of dealers decided it was time to say goodbye to Cadillac. However, it should also be noted many of those dealerships will still likely sell other GM brands, such as Chevy, Buick and GMC. GM corporate is asking its C…
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