What China’s Automotive Struggles Means for the U.S.

What China’s Automotive Struggles Means for the U.S.

January 1, 2015 — China’s car dealers’ inventory battle with automakers shows the need for strong franchise laws. Also, what do the current challenges in the Chinese automotive market mean for the U.S. and the potential entry by players such as Volvo’s parent Geely or the Warren Buffett-backed BYD Auto?  The recent spate of stories highlighting…

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Lawsuit Shows BMW Punches Sales

Lawsuit Shows BMW Punches Sales

October 8, 2014 — A federal judge in New Jersey Monday approved the settlement of a class action lawsuit resulting from BMW’s long standing practice of forcing dealers to help inflate its monthly sales numbers in what is commonly known as “punching” sales. The lawsuit alleged BMW cheated customers by reducing the length of its four-year Ultimate…

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Cliff Banks - The Banks Report

BMW Inflating Sales Again?

TBR has talked to several BMW dealers the last two weeks who say that BMW has been exerting significant pressure on them to engage in a practice commonly known as “punching” sales. According to the dealers, BMW zone officials have been offering anywhere from $1,000 to $3,500 in some cases, to count vehicles as sold,…

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