The number of Cadillac dealers in the U.S. has shrunk considerably in the last few years, with 564 dealer locations currently, as compared to 921 dealer locations four years prior.
During a recent media presentation, Cadillac stated that there are now 564 dealerships across the country, all of which will be “EV ready” as the brand moves towards offering a fully electric lineup by 2030.
Cadillac has undergone significant dealership restructuring efforts as of late as it makes the transition to all-electric powertrains. To that end, Cadillac previously required that dealers invest some $200,000 towards things like on-site vehicle charging stations, new tooling, service upgrades, cosmetic enhancements, and training for sales and service staff.
Alternatively, dealers who opted not to upgrade for the EV transition were offered a buyout package said to amount between $300,000 to nearly $1 million. Back in 2020, roughly 150 U.S. retailers dumped the Cadillac brand in the U.S. in order to avoid the costly upgrades associated with selling and supporting an all-electric vehicle portfolio. Some dealers reported low customer interest in EV products, including some dealers located in more rural areas.
The first all-electric Cadillac to market will be the new Cadillac Lyriq crossover. Specs for the new Lyriq include a single rear-mounted electric motor incorporating GM’s Ultium Drive technology and producing 340 horsepower and 325 pound-feet of torque. Providing the electrons is the GM Ultium 100kWh lithium-ion battery pack, with range per charge estimated around 300 miles. Under the skin is the GM BEV3 platform.