Cadillac lost 150 dealers

This is the number of offices that did not want to invest in the development and renovation of their centers for the sale of electric vehicles. Soon they will refuse to sell cars of this brand, but will receive compensation

According to The Wall Street Journal, about 17 percent of dealerships were unwilling to spend about $ 200,000 on conversions to sell and service electric vehicles. According to the conditions put forward by the company at the beginning of November, if the dealer refuses to reprofile (purchase of equipment, training of employees, etc.), then he loses the right to sell cars of the brand, however, he will receive compensation in the amount of 300 thousand to one million dollars. depending on the size of the enterprise.

Interestingly, the ban on the sale of Cadillacs will not be permanent – dealers will retain the right to sell new cars until the end of 2021, and used cars until 2024. Curiously, most of the “refuseniks” are multi-purpose dealerships, and their sales of Cadillacs are relatively small.