Quote:
Originally Posted by chassis
Agree, as a consumer I don't feel any wrong has been done with the practice of punching cars.
From an investor's point of view, if punching has always been part of the game, then it does not materially affect unit sales, and therefore revenue, when comparing financial time periods such as months, quarters or years.
Where I can see trouble from an investor's point of view, is that:
- if punching is on the increase, making prior period unit sales incomparable and, or
- if punched cars are not reported in either dealer or manufacturer (BMW) inventory valuation
Can anyone make a definitive statement on which company, the dealer or the manufacturer, holds title to a punched vehicle?
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Here, the dealer titles the service loaner with the State of Minnesota and puts a personalized plate on it ( BMW 50 or something like that). Then when they turn around and sell it with maybe 4 to 5K miles on it is is sold as used at a discount and the last I knew with an extended warranty as well to make the sale even more attractive. Not sure if they still offer those or not?