Chevrolet Won't Offer Buyouts To Dealers Refusing Switch To EVs

Earlier this month, Buick announced that it will follow Cadillac's example and offer buyouts to its franchise dealers in the US that don't want to make the necessary investments to upgrade to EVs.all 2,000 of the brand's franchise dealers will be given the opportunity to take a buyout

. This means that dealers who accept the buyout will no longer be affiliated with the Buick brand and can no longer sell its vehicles; they can still sell other General Motors vehicles. As it turns out, Chevrolet stands to benefit a lot from this. That's why GM's main brand will take a different approach to the more upscale marques. The brand's global vice president Scott Bell toldthat Chevrolet won't follow Cadillac and Buick in offering buyouts to dealers.

He went on to say that dealers who choose to take buyouts from the two sister brands could end up exclusively selling Chevrolet vehicles; in his view, this is good for the brand."The minute they pull back and say, 'You know what, I'm not ready to go all in for those brands,' they're now 100 percent a Chevy dealer, which is a good thing for Chevrolet.

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