BMW is being investigated by the Securities and Exchange Commission following a report of a probe related to inflating vehicle sales. The issue is how BMW of North America counted its sales and more specifically what it counted as a car sold.
Rumors point to this investigation centering around dealership practices of “punching” demos or loaner vehicles and counting them sold.
BMWNA has confirmed the investigation but offered no other details.
The SEC investigated FCA for similar issues last year. Once found guilt the company was fined a record $40 million. No timetable was given for the investigation but we expect to hear more after the first of the year.