Posted on 12/04/2020 2:19:36 PM PST by Responsibility2nd
About 17% of Cadillac’s 880 U.S. dealerships decide against spending for necessary upgrades
About 150 General Motors Co . dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, according to people familiar with the plans, indicating some retailers are skeptical about pivoting to battery-powered vehicles.
GM recently gave Cadillac dealers a choice: Accept a buyout offer to exit from the brand or spend roughly $200,000 on dealership upgrades—including charging stations and repair tools—to get their stores ready to sell electric vehicles, these people said.
~snip~
Most dealers who accepted the buyout also own one or more of GM’s other brands—Chevrolet, Buick and GMC—and sell only a handful of Cadillacs a month, the people familiar with the effort said.
(Excerpt) Read more at wsj.com ...
Ping.
Doesn’t matter. Musk has said there isn’t near enough electricity in the grid to support too many electric cars anyway.
Too bad GM just didn’t allow them to stick one EV Caddy in the back corner of the lot for the occasional customer who wanted to look at one. They could dust it off every month or two.
They are ramming this EV crap down our throats just like the “debunked” crap about the massive election fraud. If Biden gets in, it will be pedal to the metal to stop making gasoline powered cars and scrap all the machinery and tooling that makes internal combustion engines.
Cadillac has > 900 stores in the US and Lexus about 250.
They have to rationalize the numbers to make enough money at each location.
Dealers probably remember the Cadillac diesel engine fiasco years ago .... probably don’t want to get screwed again.
We have Blackouts going on thru Sunday in San Diego 👍
A little windmill on top of the car will take care of that.
My Dad dreamed all of his life about one day owning a Cadillac. He finally bought one in his 70s. Turned out to be a glorified Chevy, constantly beset by steering problems, A/C problems, and faulty sensors. I said “Dad, a car that expensive should not require such frequent repairs.” He would just shrug.
In my Dad’s day owning a Cadillac meant you had arrived. Sadly, today it’s just another car and mostly unremarkable.
I don’t know about that.. sounds like it’s mostly dealerships tied to multiple GM brands who sell a very low volume of Cadillacs. Which is the case with a lot of GM brands.. dealers are tied to multiple GM brands.
If I had a dealership that sold GMC, BuIck, Chevy and Cadillac. And GM said spend 200k on upgrades to keep selling Cadillac and my Cadillac volume was a handful or two of Cadillacs a month, I’d take the buyout.. why would I spend 1-5 years of a brands income to my dealership just to keep selling that brand?!? Would be a fool to.
I am sure the dedicated Cadillac dealers will shell out the 200k, but the multi brand dealers where Cadillac is a small volume brand for them, take the buyout.
I expect gas will hit $10/gal under biden, if you can even get it with the shortages that are bound to come. Joe will make sure his pals in China will be swimming in cheap gas.
My grandmother gave me her old purple Cadillac when I went off to college.
I had to park it in the “hood”, and nobody ever touched it for four years even though many of my friends had their cars broken into and vandalized on a routine basis.
I finally had the nerve to ask one of the locals what the deal was and he explained “They think you are a pimp.”
;-)
guess it’s time to get that CTS-V now while I still can huh? My DTS is really comfy to drive
“A little windmill on top of the car will take care of that.”
Or connect a generator to one of the wheels.
one of my friends here in L.A, owns a used car dealership. Tells me Escalades SELLS easy even the old version circa 2006 with 200,000 miles. But NOT the newer models. He’s rather sell Land / Range Rovers and it’s ALWAYS in demand and hard to get.
bookmark
$200K is not a business killing amount of money for a dealership. They must have been on the fence about Cadillac anyway. Bet they would do it for a Tesla Dealership.
n’est ce pa
Wow, those Rovers are about as reliable as my alcoholic nephew.
They’ve even become an internet legend:
https://www.carscoops.com/2017/04/this-range-rovers-39k-extended-warranty/
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