Web12 sep. 2024 · The deal mirrored a similar one offered by Cadillac to its dealers who didn’t want to invest in upgrades needed to sell the brand’s new EVs, like the 2024 Cadillac Lyriq. That process ended... Web8 dec. 2024 · General Motors is finding out the hard way after a rumored 150 Cadillac dealers are willing to take buyouts, some as high as $500,000, to drop the brand rather …
Cadillac
Web31 jan. 2024 · The Browns are among the more than 175 Cadillac dealers who have decided to take a buyout instead of going along for the ride toward an all-electric future. Web2 sep. 2024 · Several hundred of GM’s Cadillac dealers were phased out as a result of a similar buyout completed last year, reducing Cadillac’s U.S. dealer network by roughly one-third, with offers that ranged from $300,000 to $500,000. According to Automotive News, the plan was first presented to Buick’s National Dealer Council a couple weeks … greenwich public schools bid results
1/5 Cadillac Dealers Take Buyout, Toyota Commandeers …
Web15 dec. 2024 · Dealers who opted for the buyout received amounts ranging from $300,000 to more than $1 million, according to the Wall Street Journal. Most dealers who chose to exit the Cadillac franchise own dealerships … Web7 dec. 2024 · The Wall Street Journal claims that most dealers that accepted the buyout are also owners of GM’s other brands, which include Chevrolet, Buick, and GMC. These dealers reportedly only sell a handful of Cadillacs a month. For consumers, this means that it’s going to be a little harder to find a Cadillac dealer in the future. Web6 dec. 2024 · Around 150 of the 880 stores in the U.S. Cadillac dealer network will take advantage of a buyout proposal offered by Cadillac parent company, General Motors. According to the Wall Street Journal, the acceptance rate for the offer is about 17 percent, representing one in every six dealers agreeing to the buyout. greenwich public schools aspen