The total number of dealerships in the U.S. rose slightly in 2023 from 2022 numbers. In contrast, GM lost a couple of dealers in the same timeframe.
According to a report from Automotive News, there were 18,271 dealerships on January 1st, 2023. This means there were 80 dealers added during that timeframe, representing a 0.4 percent increase from the year before. Meanwhile, General Motors lost five Buick dealers, and gained two Cadillac and one GMC dealerships, resulting in a net loss of two dealers. Notably, Chevy neither gained nor lost dealerships.
|January 1, 2023||January 1, 2022||+/- 2023 vs. 2022|
From a comparison standpoint, Automotive News counted 3,604 Ford dealers on January 1st, 2023, which is down more than two percent from 3,689 dealerships on January 1st, 2022. This means the Blue Oval lost 85 dealers during that timeframe.
Meanwhile, there were 10,222 Stellantis dealerships on January 1st, 2023, down less than one percent from 10,216 dealers on January 1st, 2022. In regard to Toyota, the Japanese-based automaker had 1,482 Toyota dealerships on January 1st, 2023, up less than one percent from 1,481 dealers on January 1st, 2022.
It may come as no surprise that the number of Buick dealerships has atrophied from 2022 figures. Back in September 2022, GM Authority reported that global vice president of Buick and GMC Duncan Alfred commented on the possibility of reducing the amount of Buick dealers in the U.S. Alfred went on to add that the decrease in dealerships would help Buick elevate its customer experience to a higher level.
That being said, Buick and GMC executives have said that they will continue to offer strong support to their dealerships in the face of the emerging online sales methods. Buick-GMC National Dealer Council’s Chairman Bo Mandal stated that the sheer number of available dealers helps to provide a convenient buying experience for customers. Despite this, the number of establishments will likely continue to fall, as Buick dealers will need to invest between $300,000 and $400,000 to update their operations in order to support the sale of electric vehicles.