Cadillac Cuts 300+ Dealerships
The General Motors luxury brand will have about 560 dealerships going into 2022, down from 875 at the beginning of this year, Rory Harvey, vice president of global Cadillac, said. More than one-third of Cadillac’s U.S. dealerships are disappearing this year as the brand begins its transition to an all-electric vehicle portfolio. The decline was driven by buyout agreements Cadillac began offering to dealers a year ago.
Remaining dealers are preparing to upgrade their outlets for EV sales and service by the end of the first quarter, when the Lyriq, Cadillac’s first full EV, is expected to arrive in select showrooms.