How many people will lose their jobs because of the push by Biden and his Democratic Comrades to force everyone into EVs (which most elected Democrats are not buying and driving themselves)?
Cadillac thins out U.S. dealers to get fit for the Tesla challenge
General Motors Co’s Cadillac brand is gearing up to challenge Tesla Inc and other rivals in the luxury electric vehicle market with a new electric utility vehicle and nearly 40% fewer U.S. dealers than it had in 2018, the brand’s global chief told Reuters.
Cadillac has largely completed a restructuring of its U.S. dealer network and expects to have 560 dealers by the end of this year, compared with about 920 three years ago, said Rory Harvey, head of the global Cadillac brand.
GM has booked a total of $274 million in costs during 2020 and 2021 related to the effort to buy out Cadillac dealers who were not prepared to invest $200,000 to $500,000 per store in the equipment and training to support the brand’s shift to an all-electric vehicle lineup, planned by 2030.
Cadillac will still have more U.S. dealers than other established luxury brands, and has opened new show-rooms in New York City, Beverly Hills, San Francisco and Atlanta.
That’s actually quite a few dealership, probably too many for the amount of sales the company has, though, most are small, even in big cities. Compare that to Honda with 1,069 dealers, some of which are huge. How many people have lost their jobs, though? Sales, sales managers, finance, service writers, mechanics, detailers, support. All out of jobs so that rich folks can virtue signal and drive an EV.
Next summer, Cadillac plans to launch the first of a wave of electric vehicles, starting with a compact utility vehicle called the Lyriq. Harvey said Cadillac has received expressions of interest in the Lyriq from 216,000 people.
That Lyriq is going to start at $59,990. Affordable to everyone, right? How many people will lose their jobs thanks to the mandates from governments for EVs? Vehicles that most will not be able to afford to purchase. All to stop an imaginary issue of human caused climate change.
Our esteemed host began:
I don’t know which or how many elected Democrats drive Teslas, but I do know that libertarian Representative Thomas Massie (R-KY 4th) owns one. He believes in people having the choice to but electric vehicles or not, wear masks or not, or get vaccinated or not.
from William Teach’s grandfather’s blog, “The Cranberry Bog” in 1897:
Car salespersons and sales managers have been under pressure for the past several years anyway. The interweb is changing the way the industry is selling cars.
” how many people…….”? Ist their jobs when m8ni.um wage went to $15?
Teach rge electrification of vehicles can not be stopped
Embrace the new technology.
Americans will have a wide variety of cars costing 60k to choose from.
So far this year the AVERAGE price of a new car sold in the USA is 45000 dollars. Yes Teach most Americans can not afford this they never have been able
Cnet.com
Oct 13 2021
I’m not really certain how the economics of this works. I’m guessing that the demand for cars is pretty predictable and that advertising helps shape the brand recognition of those cars. Cadillac is owned by GM and they already gutted their dealerships back in the Obama administration (GM Bailout). I don’t see how that improves the profitability of the parent company since the dealerships are really the “customers” of the factories. Cutting the number of dealerships just improves the profitability of the dealers who survive at the expense of the ones who get cut. After someone pays the steep dealership fee, it seems fraudulent to then cut them off from making a return on their investment. But in either case, it does nothing to cost GM money to have those dealerships open since they are all privately owned. Once can assume that they are all generating profits for their owners since they are still in business.