agent Entrepreneur logo
MenuMENU
SearchSEARCH

GM Offers Buyout to Buick Dealers

General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.

September 7, 2022
GM Offers Buyout to Buick Dealers

General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.

2 min to read


General Motors (GM) has announced that it will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.

The automaker will offer the buyout program to the brand’s 2,000 U.S. dealers, reported GM spokesperson Michelle Malcho. Dealers who accept the Buick buyout could still sell other GM brands.

Ad Loading...

The Buick line is the second premium brand to shift toward an all EV future.

The company’s Cadillac brand went through a dealer buyout program earlier this year. The automaker asked its 880 Cadillac franchises to invest at least $200,000 to sell EVs. Hundreds of dealers opted for the buyout instead.

Malcho reported the brand does not have an estimate on how many dealers might accept the Buick buyout plan as the OEM moves forward with electrification plans.

"This forward product offering needs to be combined with an exceptional customer experience," she noted in a statement. "The future dealer requirements are a logical and necessary next step on our path towards electrification to ensure our dealers are prepared to sell and service these unique vehicles properly in order to provide customers an exceptional experience. We see Buick's dealers network as a business advantage, and they will remain a critical part of the retail and relationship chain with customers."

Buick unveiled the Wildcat concept to preview its future EV lineup. It is resurrecting its Electra name for its EVs, beginning with the 2024 model year, as it phases out gas-powered offerings.

Ad Loading...

GM strives for a full EV lineup by 2035 and will invest $35 billion on EVs and autonomous vehicles by 2025 as it introduces 30 electric nameplates globally.

 

Originally posted on Auto Dealer Today

More Industry

Photo of MINI nameplate on the hood of a white MINI Cooper
Industryby Hannah MitchellJuly 23, 2026

Autos More Appealing

Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.

Read More →
red car parked in front of a sunset, The Used Market Divide, Agent Entrepreneur
Industryby Lauren LawrenceJuly 23, 2026

Used EVs Defy Overall Market

While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.

Read More →
Photo of a retriever dog looking out of an open SUV window with a yellow Peugeot headrest on the top of the window below it
Industryby Hannah MitchellJuly 16, 2026

Gone to the Dogs

A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.

Read More →
Ad Loading...
Aerial shot of a car dealership
Industryby Hannah MitchellJuly 13, 2026

OEM Poll Sees Industry Evolution

Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.

Read More →
Foreign Cars Italia dealership store in front of sunset
Industryby Hannah MitchellJuly 2, 2026

Luxe N.C. Dealerships Change Hands

A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.

Read More →
inside of car, person with hands on black steering wheel
Industryby Lauren LawrenceJuly 2, 2026

Exposure Drives Interest in Chinese Cars

At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.

Read More →
Ad Loading...
Woman's hands holding an wallet empty of cash
Industryby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Rob Mancuso sitting in a chair on stage
Industryby Hannah MitchellJuly 1, 2026

Agent Advocate

Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.

Read More →
Photo of a touchscreen on a car's dashboard
Industryby Hannah MitchellJune 25, 2026

Driving Under Distraction

Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.

Read More →
Ad Loading...
split background green and blue. 2019 to 2025 with car going from starting location to end point. $37,310 and $48,402. Agent Entrepreneur logo
Industryby Lauren LawrenceJune 25, 2026

Affordable New Cars a Thing of the Past

More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.

Read More →
Ad Loading...