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

Nearly half of Buick dealers took buyouts from GM this year instead of committing to selling and servicing EVs.

US Buick dealers jump ship over EVs

Buick is moving to all-electric by 2030, so GM gave its Buick dealers a choice in 2022 – invest money – $300,000 to $400,000, according to Automotive News – to prepare to sell EVs or voluntarily give up their franchise. GM is now going to end 2023 with around 1,000 Buick dealerships across the US – that’s 47% down from 1,958 in January. Plus, the buyout option remains open, so more could follow.

The Buick dealerships opting into electric have previously been responsible for around 20% of the company’s US sales.

Duncan Aldred, vice president of global Buick-BMC, told Automotive News, said, “I’m really pleased with where we are. The network, where we are now, is a good size. It’s with dealers who are focused on the business, who’ve shown that they can recover the volume that the dealers who transitioned away were doing.”

Buick said that around 89% of the US population still lives within 25 miles of one of its dealerships.

Electrek’s Take

GM spokesman Sean Poppitt told the Detroit Free Press, “The average dealer throughput tripled – while reducing 47% of our dealer points. These are compelling numbers; we have a leaner, stronger, and more effective network.”

So that’s why Buick doesn’t appear to be fazed by this drop in dealerships; they likely anticipated it. The 100% electric by 2030 plan is great, and the auto brand’s strategy is lean and clean. It wants all its dealers to be fully bought into the transition to EVs.

Read more: Which is it, already – is US EV demand slowing or growing?

Photo: Buick


To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. – ad*

FTC: We use income earning auto affiliate links. More.

Leave a Reply

Your email address will not be published. Required fields are marked *