FCA under investigation
Looks like the U.S. Security and Exchange commission along with the Justice Department is looking into how FCA reports their sales numbers. Looks like a dealer is saying they are being told to fudge t...
Forum Discussion
JALLEN4 wrote:boshog wrote:
Actually, a rogue dealer or two with a grudge is making the claim. FCA is fully cooperating with the investigation.
In the automotive world, a manufacturer reports what the assembly plant made. Once a vehicle rolls off the line, it is considered sold to a dealer, none of them track retail sales.
They better cross their fingers and hope nobody was playing a numbers game since they are a public company looking to merge.
Every manufacturer selling in the U.S. tracks and reports retail sales. These numbers are released monthly to the press, detailing classification and location of sales. Dealers are responsible to sales within their market area of responsibility and ultimately millions of dollars can be at stake. Dealers are responsible to report every sale to the manufacturer with detail so as to allow the manufacturer to track warranty, recalls, dealer performance, and a myriad of other purposes. You need to re-check your information.
OK. Rechecking..... Done! Nothing has changed, the assembly plant is the profit center, when a vehicle rolls off it is considered sold and this is how the accounting books work. You can argue until the cows come home but their accounting methods of how vehicle accounting works will remain the same. By the way, I live in Detroit and work in automotive, this is common knowledge here.
