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Some General Motors dealers are pushing back against a new agreement that would require them to make costly investments in preparation for the arrival of future electric vehicles like the Cadillac Lyriq and GMC Hummer EV.
The agreement directs dealers to spend between $120,000 to $200,000 to prepare for the automaker’s incoming flux of new EVs, with various investments required for both sales and service.
According to
Automotive News, some rural GM dealers believe they won’t see a return on their investments, as their customers have shown little interest in electric vehicles. Only a third of dealerships in Virginia signed the contract, the publication reports, and GM has also seen pushback in North Carolina and Florida. Some dealers have no problem with selling electric vehicles or making additional investments to do so,
2 months ago Share The coming year looks to be a big one for Smith & Associates because the bulk of its business comes from high-end, luxury condos a class that has boomed recently and shows no signs of slowing down.
Company: Bob Glaser, in his 44th year with Smith & Associates, one of the leading residential real estate firms in the Tampa Bay region, has seen many up and downs in the market during his long career. But going into 2021, he’s as bullish as he’s ever been about the firm’s prospects for growth. The pandemic changed the way homebuyers look for properties leading firms like Smith & Associates to quickly adapt to showing homes via FaceTime and Google Hangouts, for example but sales didn’t slow, and prices rose because inventory, already low in 2019, dropped even further. “Some folks decided that they didn’t want to sell during the pandemic,” Glaser says. “They wanted to be safe in their own home.” On the other hand, because people
The Long Nights: How the Light Gets In
Description: Smith & Associates Real Estate, in partnership with The Poetry Bar, presents an immersive art experience celebrating the radiant power of light to inspire joy.
Where: 330 Beach Drive NE, St. Petersburg, FL 33701
When: December 18 through December 20, 4:30 pm - 7:30 pm
This free event is brought to you by Smith & Associates Real Estate.
As this exceptional year winds down, there is a collective eagerness to bring joy into our lives by connecting to the joyous delight of the holiday season. The Winter Solstice is a traditional celebration of the tip into welcoming the light back in as the days begin to get longer. The Long Nights: How the Light Gets In will offer social distancing precautions and be a free, outdoor event to reignite relationship to poetry and a sense of returning to brighter days.