BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BIMMERPOST Universal Forums General BMW News and Cars Discussion SEC Investigating BMW Over Sales Practices

Post Reply
 
Thread Tools Search this Thread
      01-07-2020, 06:00 PM   #45
chassis
Colonel
chassis's Avatar
6374
Rep
2,283
Posts

Drives: 9Y0 Cayenne S
Join Date: Mar 2019
Location: Einbahnstraße

iTrader: (0)

Garage List
I don't see a fake sale when title legally transfers from one party (BMW) to another (the dealer). The dealer is buying the vehicle from BMW. This is the "punching" transaction. Do you agree that this is how the transaction unfolds?

So far in this thread no securities statute transgression has been identified.
Appreciate 0
      01-08-2020, 11:04 AM   #46
aerostar
Major
746
Rep
1,246
Posts

Drives: 2018 F80
Join Date: Apr 2015
Location: NJ

iTrader: (0)

I see nothing wrong with it.

Dealer sells car as CPO after using it as new.

Investors need to take both CPO sales AND new car sales into account when figuring out true revenue. Just makes the math a little more complicated.
Appreciate 2
chassis6373.50
Laki021366.50
      01-11-2020, 08:46 PM   #47
GenXer
Major
United_States
1351
Rep
1,031
Posts

Drives: Like a bat out of hell.
Join Date: Apr 2019
Location: here and there

iTrader: (0)

Garage List
I bought two of those "punched" cars this year with a $15k-$20K discount. I see nothing wrong with this practice either. It benefits the consumers. You get better than new warranty and you can still add maintenance contract for very little cost.

If anything, they need to do more of this practice to the limit of the law.

Last edited by GenXer; 01-11-2020 at 09:07 PM..
Appreciate 0
      01-12-2020, 09:38 AM   #48
bucketfoot
Captain
bucketfoot's Avatar
United_States
1056
Rep
818
Posts

Drives: 2020 Toyota GT86
Join Date: Oct 2015
Location: Centennial, CO

iTrader: (0)

Quote:
Originally Posted by chassis View Post
I don't see a fake sale when title legally transfers from one party (BMW) to another (the dealer). The dealer is buying the vehicle from BMW. This is the "punching" transaction. Do you agree that this is how the transaction unfolds?

So far in this thread no securities statute transgression has been identified.
What I have been told by people in the BMW fold is that US BMW dealerships own all of their inventory. They decided what models, colors, features etc. they want in their vehicles and order it from the factory. At the time of receipt the dealership takes ownership.

Thus punching is not the dealer buying from BMW, but the dealer buying from itself.

Now I honestly don't know that this changes anything in scheme of things. I see nothing wrong with the dealer buying vehicles from itself for dealership use and then re-selling them as some form of a used vehicle. In doing so the only place that it makes sense to log the "new" sale is when the dealer purchases it from themselves.
__________________
This post sent using 100% recycled electrons.
Appreciate 0
      01-12-2020, 12:15 PM   #49
chassis
Colonel
chassis's Avatar
6374
Rep
2,283
Posts

Drives: 9Y0 Cayenne S
Join Date: Mar 2019
Location: Einbahnstraße

iTrader: (0)

Garage List
Agree bucketfoot. This suggests the article in the original post is clickbait because so far in this thread there has been nothing substantial brought forward.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:48 AM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST