Author Topic: One in Six Cadillac Dealers Opt to Close Instead of Selling Electric Cars  (Read 479 times)

rcjordan

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When told to get with the times or get out of the way, 150 out of 800 dealers reportedly took a cash buyout and walked away.

https://www.thedrive.com/news/37974/one-in-six-cadillac-dealers-opt-to-close-instead-of-selling-electric-cars-report

ergophobe

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Re: One in Six Cadillac Dealers Opt to Close Instead of Selling Electric Cars
« Reply #1 on: December 05, 2020, 02:07:58 AM »
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150 of them have taken a $300,000 to $1,000,000 buyout to cease operations instead of investing $200,000 in charging infrastructure and other updates to their facilities to support the brand's electric future.

So if I had been hammered by the pandemic, was low on cash and unsure what the future looked like and you said I had the choice to pay $200K or take $1,000K....

littleman

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Re: One in Six Cadillac Dealers Opt to Close Instead of Selling Electric Cars
« Reply #2 on: December 05, 2020, 06:06:48 AM »
Yeah, good point.  I am sure many of those dealerships are hanging on by a thread.