Car dealers going out of business?

[TequilaChaser]

It is vidal to national defense...solar panels and windmills are not

Not to mention oil is in the majority of the products we use daily

Eagler

Just a small correction....

Solar panels are extremely vital to our nation's defense (think about the military satellites,  among other things the military uses them for)

Just saying

TC

[Shuffler]

150 Cadillac Dealers Accept Buyouts Rather Than Tool Up for Electric Models
GM luxury brand dealers balk at estimated $200,000 in upgrade costs for electric vehicles.
Almost 20% of Cadillac dealers have opted to accept buyouts from General Motors Company  (GM)  rather than pay for costly upgrades needed to service and sell electric vehicles, according to a published report Friday.
The move will reduce Cadillac’s U.S. dealership count by about 150 outlets, The Wall Street Journal reported, citing people familiar with the plans.
Dealerships were offered from $300,000 to more than $1 million to exit the brand if they were unwilling to spend about $200,000 on upgrades for charging stations and repair tools, according to the report.
Most of the dealers giving up the Cadillac brand sell other GM lines such as Chevrolet and GMC, according to the report.
Electric vehicles still account for only 2% of U.S. vehicle sales, according to the report.
But shares of companies making and selling electric cars and trucks have taken off this year, led by Tesla Inc.’s  (TSLA)  extraordinary stock performance. Tesla’s market cap now exceeds that of most traditional U.S. automakers combined. And the company’s shares are being added to the S&P 500 index on Dec. 21. Other electric-only competitors, including Nio  (NIO) , have seen their stocks surge as well.
Tesla sells its cars online without a dedicated dealer network. And because electric cars have fewer parts, the profitable parts-and-service units of many dealerships face challenges as more electric vehicles hit the road.
GM’s first electric vehicle isn’t expected until 2022.
Shares of GM rose 1 cent to $44.39 in after-hours trading Friday. Tesla shares fell 4 cents to $599 in after-hours trading.

Here is the link
https://apple.news/Aqud25sQYTkeQyFNAlYn8kA

Tesla sells online and there is a bigger profit margin selling direct. GM is starting to figure it out. They will sell their EV online. I read another report they are offering Cadillac dealers up to $500,000 per franchise.

The link is not fact, but opinion. Porsche came out with the Taycan and immediately saw their ICE sales drop by almost half. Porsche makes about 230,000 cars per year and makes approx $19,000 per vehicle. Covid has had a big impact on all sales of new vehicles.

So those with electric vehicles will face challenges finding repair when needed. Like anything electric with computers and such, it will need servicing.

Of course it may not as if it is driving for you, it will probably kill you.

[MiloMorai]

So those with electric vehicles will face challenges finding repair when needed. Like anything electric with computers and such, it will need servicing.

Of course it may not as if it is driving for you, it will probably kill you.

The change from the horse and buggy/wagon repeats itself a 100 years later. Was hard to find a place that could fix my unrealizable noisy smoke belching monster. Had to watch how far I travelled as the smelly flammable liquid might not be available.

[BoilerDown]

So those with electric vehicles will face challenges finding repair when needed. Like anything electric with computers and such, it will need servicing.

Of course it may not as if it is driving for you, it will probably kill you.

Plenty of future empty lots today filled by petroleum dispensaries can be filled by EV repair specialists and charging stations.

[Brooke]

That article is from 2015.  Lets see what happened since then.

Yep, since then lots of that is paid back.  Although there is more government largess since then, such as $billions in carbon credits, more sweetheart land and tax deals, etc.

If your government cronies give you billions of dollars, is it no longer cronyism as long as it works out in the end?

If you're going to link an article on Tesla to supposedly damn them for taking government money

I don't think Tesla is bad for getting government money.

My info was because you said "I guess you did not get the memo, again. The $7500 Federal Tax Credit ended 12/31/2018 for Tesla" -- implying that was the only government money source, which is not the case.

Government makes itself available to hand out huge money.  When it does that, an ecosystem will grow around it.  It isn't bad of the ecosystem -- any more than it is bad of water to flow downhill.  Lots of companies go after government money.  I've been part of companies and efforts that got government money.  I don't feel bad about it.

[morfiend]

The change from the horse and buggy/wagon repeats itself a 100 years later. Was hard to find a place that could fix my unrealizable noisy smoke belching monster. Had to watch how far I travelled as the smelly flammable liquid might not be available.

  This!  And there were plenty of EV back in the day,trolley cars were first pulled by horse,then guess what they used.

  My next car is going to be a PHEV,only cause I suffer from range envy,otherwise I'd go pure EV.  Most my driving is under 30 mile per day,the PHEV I'm looking at gets about 45 miles on just the battery so I'd rarely have to use fuel.I suppose I'd have to burn some of it as it tends to go stale after a few weeks/months.


   

[SIM]

This!  And there were plenty of EV back in the day,trolley cars were first pulled by horse,then guess what they used.

 So what were the trolleys pulled by next? Lets see if you can explain the difference between that equipment and what is the crux of this conversation....or if you will bother to understand the difference.

[morfiend]

So what were the trolleys pulled by next? Lets see if you can explain the difference between that equipment and what is the crux of this conversation....or if you will bother to understand the difference.

  As far as I know they still use electricity.There were plenty of other electric vehicles back then and they use old school lead acid batteries.

 As for dealerships going out of business,I doubt that,they may evolve but I doubt they will disappear completely.

 Does that answer your aggressive question?

https://www.energy.gov/articles/history-electric-car



   

[morfiend]

Or if you accept wiki....

https://en.wikipedia.org/wiki/History_of_the_electric_vehicle



   

[Arlo]

Last week, we found ourselves thoroughly tickled by the Fiat 500 Jolly ‘Spiaggina’ Icon-e. A pocket-sized ray of electric-powered sunshine, the car is a special commission by Hertz and has been built by ‘concept-to-product trendmakers’ Garage Italia. It makes use of the body, styling and charm of the 1957 model, but sees the old engine replaced with an electric powertrain — allowing you to cruise to the beach with both zero emissions and a clean conscience.

But this small-scale throwback isn’t the only electric buzz running through the classic car community. Around the world, countless companies are bringing old motors back to the road in an eco-friendly way. It’s chiefly a reaction to environmental crackdowns, but the modern consumer’s ardent love of vintage styling and throwback designs has also helped to cultivate a strong customer base.

https://www.thegentlemansjournal.com/article/electric-conversion-companies-classic-car-jaguar-aston-charge/

If I win that elusive lotto .....

[SIM]

As far as I know they still use electricity.There were plenty of other electric vehicles back then and they use old school lead acid batteries.

Yes they used electricity.

Just so your defensive nature is not further offended, here is my question again,

So what were the trolleys pulled by next?

What you did not address is that trolleys were powered, not by batteries, but by lines run either overhead the trolleys, or thru voltage on the rails themselves. You tried to use a half truth to make your point. Some would know the difference and understand, others would have no clue and take your comment as meaningful on its face.

Does that answer your aggressive question?

Ah grasshopper, I really couldn't care less if your feelings are hurt. But if you feel better trying to be offended, go for it.

[Ramesis]

Who will pay for the charging stations needed around the country for the EV's?

Exactly, and where does the fuel come from that powers the plants that supply the electricity... the world is a long way
from those inexpensive sources and if you bring up fusion plants... don't bother, they are a long way off despite
all the news reports

 

[Arlo]

Wejj, whadyaknow?

https://www.theverge.com/2020/8/13/21366373/wind-solar-power-electricity-doubled-paris-climate-change-agreement

[morfiend]

Yes they used electricity.

Just so your defensive nature is not further offended, here is my question again,
What you did not address is that trolleys were powered, not by batteries, but by lines run either overhead the trolleys, or thru voltage on the rails themselves. You tried to use a half truth to make your point. Some would know the difference and understand, others would have no clue and take your comment as meaningful on its face.

Ah grasshopper, I really couldn't care less if your feelings are hurt. But if you feel better trying to be offended, go for it.

 Not offend in the least,did I get under your thin skin?  Of course they used either a rail or over heard wire,thats a given that I didnt feel needed explanation.


  But if you FEEL better now good for you!


   

PS: the OP was about dealerships disappearing,but I guess you missed where I quoted another post about transitioning from horse and buggies,you upset because you make buggy whips or something?

[SIM]

Nice try moribund....

 You made a statement that was at best a half truth, accused me of asking an aggressive question then whine to try and cover your stupidity. Its typical....

Who will pay for the charging stations needed around the country for the EV's?

Consumers will pay for those charging stations, their installation, their upkeep, and then you will see your kilowatt hour rates increase as power companies try to recoup costs associated with ev's.
 
The funny part of all this is that the consumers will scream about the increased power bills, all the while crying about the need for
 more technology. No one thinks of the costs upfront, they just think of that new shiney in the driveway.

 A few years ago the topic was deregulating the electric utility industry. People and politicians all jumped on board screaming that competition would make electricity more affordable. That was the same type of pipe dream. The consumers were all onboard for the cheaper rates.
 Then someone thought(for example), how are we going to transmit power to a Point A resident from a Point B utility? Why we will just use the existing power lines to feed it to them. The utilities between point A to point B all said go for it. We will charge transmission fees for each kilowatt hour of electricity. Then when a storm comes thru, we will get our customers on first, think about the out of state folks somewhere down the road, and we can charge them more fees to get it on any faster.

The same mentality is driving this ev revolution.