FCA fibbed on sales according to internal report

FCA fibbed on sales according to internal report

0 comments 📅04 November 2016, 21:24

Following eventually week’s news that Fiat Chrysler Automobiles (FCA) is underneath investigation by the Department of Justice and Securities and Traffic Commission for allegedly fudging sales figures, a new story in Automotive News says an internal search at FCA uncovered misreported sales.

According to the AN thriller, 5,000 to 6,000 vehicles from distinct FCA brands were reported sold by dealers, but no customers existed for those cars. FCA sales chief Reid Bigland has already put a halt to the practice. One potential reason for the practice was to sustain the company’s month-to-month sales increase slash, currently at 75 months. In April, FCA added a wordy disclaimer to its sales announcements:

“FCA US reported instrument sales represent sales of its vehicles to retail and naval task force customers, as well as limited deliveries of vehicles to its officers, directors, employees and retirees. Sales from dealers to customers are reported to FCA US by dealers as sales are made on an running basis through a new vehicle delivery reporting organized whole that then compiles the reported observations as of the end of each month.

“Sales through dealers do not as a result correspond to reported revenues, which are based on the tag sale and delivery of vehicles to the dealers. In certain restricted circumstances where sales are made presently by FCA US, such sales are reported through its directorship reporting system.”

FCA did not provide comment to Automotive Information. Click through for the full story and more details.


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