Securities and Exchange Commission Investigating BMW Over Fraudulent Sales Figures

Ups...someone catch them?

SEC is a bit late to the party, this has been going on for years. Up to 30% of all BMW reported new sales are phony punches... so BMW AG pays a little fine and moves on. NO changes to the process. For 2019-2020 they have a program that pushes dealers to "limit" to no more than 25% of the total new car throughput in their stores as fake punched "service loaners" aka pre-punched new cars. Nothing will change the culture of BMW, it is a top down bully pulpit that treats the dealers like they are lucky to be in the car business with BMW AG. The BMW inventory available to customers;;; New unpunched car, "specialty demo" (fake punched car), service loaner/demo with a choice, under 5,000 miles or over 5,000 miles Different BMW FS programs for each(more fake punched cars), Certified Pre-owned (can and does include NEW CARS that have been reported, fake punch), Used BMW. 5 different levels of available price point, punched cars. BMW would lose minimum of 25% of their new car sales reporting if they stopped forcing service loaners and specialty demos punches. Can they afford to do that and not tank the stock?? Will the SEC actually understand and investigate the reality, NO... small fine and move on, the culture of cheating is too deeply ingrained in the culture of BMW NA & BMW AG.

Audi also did sales flim flam to a criminal level.

Mercedes-Benz is probably guilty of this too. Neither of the Big German 3 deliver such compelling products that they can massively outsell their competitors on U.S. or global basis.