FI showroom red and grey 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 Showroom

inside of car, view of steering wheel with hands on it driving
Showroomby Lauren LawrenceMay 29, 2026

Affordable, Safe Cars for Teen Drivers

Families looking to balance affordability and safety in vehicles for their teen drivers can look to the updated list of recommended vehicles by IIHS and Consumer Reports.

Read More →
Gray-scale photo of a line of Mini cars in a dealership parking lot
Showroomby Hannah MitchellMay 27, 2026

Auto Dealers Feel Better But Not Great

A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.

Read More →
exterior daytime image of Porsche North Miami dealership
Showroomby Lauren LawrenceMay 22, 2026

Holman Opens Porsche Dealership in Miami

The North Miami store features the brand’s signature Destination Porsche design concept, combining contemporary architecture and technology to create what the auto group calls an ultra-luxury experience.

Read More →
Ad Loading...
Outside of a Cadillac dealership.
Showroomby Lauren LawrenceMay 20, 2026

Chicago to Gain Cadillac Rooftop in 2027

The two-story Cadillac dealership is being constructed at the former Lincoln Yards site, owned and operated by Canada-based Jack Carter Auto Group.

Read More →
Photo of sold Ford store exterior
Showroomby Hannah MitchellMay 11, 2026

Mid-Atlantic Ford Store Has New Owner

A growing Maryland automotive group is only the 93-year-old dealership’s third owner after its longtime proprietors retired.

Read More →
groundbreaking ceremony for new Barrington Porsche dealership with Murgado Automotive Group and Joseph Nicholas Construction
Showroomby Lauren LawrenceMay 11, 2026

Porsche Dealership Breaks Ground in Illinois

Barrington Porsche will be the new location for Murgado Automotive Group’s existing Porsche dealership currently in the Motor Werks of Barrington auto mall.

Read More →
Ad Loading...
aerial view of Fireside Honda in Ohio
Showroomby Lauren LawrenceMay 6, 2026

Michigan Auto Group Acquires Ohio Rooftops

Feldman Automotive Group added two new brands, Honda and Toyota, to its portfolio with its latest acquisition of four Fireside dealerships in Ohio.

Read More →
Photo of Scout Terra pickup truck outside farm building
ShowroomMay 4, 2026

California VW Dealers Go After Scout

The franchisees’ state-level actions follow a California auto dealers trade group lawsuit against the VW affiliate last year, both efforts to stop the EV maker’s plan to sell direct to consumers.

Read More →
Photo of rear of Mercedes VLE passenger van
Showroomby Hannah MitchellApril 27, 2026

EVs Gain Traction in Europe

First-quarter auto sales increased as more consumers took advantage of government incentives. Hybrid deliveries are leading the way on the electrifieds boom.

Read More →
Ad Loading...
road winding through redwood trees, California EV Market Cools, F&I and Showroom logo
Showroomby Lauren LawrenceApril 22, 2026

California Holds EV Lead Despite Annual Decline

At nearly 14%, California had the lowest zero-emission vehicle market share in the first quarter since the fourth quarter of 2021, according to the California New Car Dealers Association.

Read More →