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

Phot of a dark Kia vehicle interior with steering part of steering wheel and dashboard
Showroomby Hannah MitchellJune 29, 2026

Focus on Vehicle Cabins

The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.

Read More →
Photo of multiple new SUVs on a car dealership lot
Showroomby Hannah MitchellJune 22, 2026

State Follows Federal Warning on Auto Ads

The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.

Read More →
Map of Europe next to back of EV car.
Showroomby Lauren LawrenceJune 22, 2026

European EV Market Hits Record

Seven out of the top 10 electric vehicles sold so far in 2026 in Europe are by European brands, and automakers are seeing the power train fill up their order books.

Read More →
Ad Loading...
Person pumping gas into car.
Showroomby Lauren LawrenceJune 17, 2026

Used EVs Outpace New

While North American electric-vehicle sales remain down year-over-year, May sales saw a 3% increase from April’s numbers as used EVs led the market.

Read More →
Dodge emblem on orange vehicle
Showroomby Hannah MitchellJune 15, 2026

New Vehicles Down for Most Brands

Healthy May sales cut into inventory as automakers kept a tight reign on supply, though some brands ended the month with excess units on the ground.

Read More →
Photo of the back of an electric Mercedes
Showroomby Hannah MitchellJune 10, 2026

Auto Prices Ride May Moderation

Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.

Read More →
Ad Loading...
Orange Mitsubishi car on grass
Showroomby Lauren LawrenceJune 8, 2026

Mitsubishi Sets Growth Strategy, Structural Transformation

The Japanese automaker aims to 'strengthen products and technologies that embody its brand identity,' focus on its strongest markets and expand value-chain businesses 'that leverage its unique strengths.'

Read More →
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 →
Ad Loading...
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 →