GM has cut its Buick dealership network in half through buyouts
Publishing timestamp: 2023-12-19 16:00:01
Summary
General Motors has reduced the size of its Buick dealership network in the U.S. by approximately half through a voluntary buyout program. The reduction aims to increase sales per location and profits at the remaining dealerships. The buyouts also allow dealers who do not want to invest in electric vehicles to exit the business. Buick plans to continue offering buyouts into next year. The average sales of the remaining stores still trail those of GM's GMC brand. Buick's goal is to transition to exclusively offering all-electric vehicles domestically by 2030.
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Keywords: united states, autos, breaking news: business, general motors co, business news, business, detroit, transportation,
Source: https://www.cnbc.com/2023/12/19/gm-has-cut-its-buick-dealership-network-in-half-through-buyouts.html