Post by jeffolie on Aug 2, 2012 11:04:07 GMT -6
car makers fraud "stuffing" channels by German, US fraud because these are 'NOT SALES BUT FALSELY BOOKED AS SALES'.
When a country runs out of regular buyers, it dumps excess manufacturered products into another country at low,low prices to clear out its inventory in a form of 'predictory pricing' that drives the unfortunate countries domestic makers into the ground. When the process starts, the manufacturer sends much more than be expected with lots more inventory into the stream of transportation of the manufactured product called "stuffing".
American car manufacturer now have a follow the leader immitator in Germany's car makers: fraudulant car sales, 'stuffing' the falsely labelled cars as sold into the stream of inventory going to dealers when in fact no consumer or buyer has actually bought these cars...instead the car maker pretends these car as sold by putting them into the delievery stream to the dealers. American car makers call this channel stuffing...stuffing is an old fraud by makers of anything and recently got a ALMOND FARMER , Diamond Almonds into deep trouble. The fraud is a trick that wholesalers use when manipulating "accounts recievables" and is fraud because these are 'NOT SALES BUT FALSELY BOOKED AS SALES'.
The below piece of corporate malfeasance always ends bad because even if the authorities go along with the fraud ... FINAL DEMAND IS FAILING as car sales have swooned.
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Carmakers stuff German market with self-sales
Europe's largest car market is in recession, but few outside the industry would know it, thanks to a controversial sales practice that inflates official statistics and paints a flattering picture of demand.
Three in every 10 new vehicles in Germany, including luxury BMWs, are sold not to customers, but to carmakers and their dealers - a type of automotive industry pump priming known as "self-registration". At nearly half a million such registrations in the six months through June, the total is greater than the entire new car market in Spain.
So while official figures show a 0.7 percent rise in German car sales for the half year, figures from auto market research firms Dataforce and BDW Automotive show private demand fell 5 percent in the period, which would mean all the growth had been manufactured by the manufacturers.
"Essentially, the carmakers are deceiving their shareholders, since they make it look as if the vehicles were actually sold. They want to pull the wool over their eyes," said Ferdinand Dudenhoeffer, head of automotive think-tank CAR at the University of Duisburg-Essen.
www.reuters.com/article/2012/07/31/germany-autos-idUSL6E8IVN9620120731
When a country runs out of regular buyers, it dumps excess manufacturered products into another country at low,low prices to clear out its inventory in a form of 'predictory pricing' that drives the unfortunate countries domestic makers into the ground. When the process starts, the manufacturer sends much more than be expected with lots more inventory into the stream of transportation of the manufactured product called "stuffing".
American car manufacturer now have a follow the leader immitator in Germany's car makers: fraudulant car sales, 'stuffing' the falsely labelled cars as sold into the stream of inventory going to dealers when in fact no consumer or buyer has actually bought these cars...instead the car maker pretends these car as sold by putting them into the delievery stream to the dealers. American car makers call this channel stuffing...stuffing is an old fraud by makers of anything and recently got a ALMOND FARMER , Diamond Almonds into deep trouble. The fraud is a trick that wholesalers use when manipulating "accounts recievables" and is fraud because these are 'NOT SALES BUT FALSELY BOOKED AS SALES'.
The below piece of corporate malfeasance always ends bad because even if the authorities go along with the fraud ... FINAL DEMAND IS FAILING as car sales have swooned.
===================================
Carmakers stuff German market with self-sales
Europe's largest car market is in recession, but few outside the industry would know it, thanks to a controversial sales practice that inflates official statistics and paints a flattering picture of demand.
Three in every 10 new vehicles in Germany, including luxury BMWs, are sold not to customers, but to carmakers and their dealers - a type of automotive industry pump priming known as "self-registration". At nearly half a million such registrations in the six months through June, the total is greater than the entire new car market in Spain.
So while official figures show a 0.7 percent rise in German car sales for the half year, figures from auto market research firms Dataforce and BDW Automotive show private demand fell 5 percent in the period, which would mean all the growth had been manufactured by the manufacturers.
"Essentially, the carmakers are deceiving their shareholders, since they make it look as if the vehicles were actually sold. They want to pull the wool over their eyes," said Ferdinand Dudenhoeffer, head of automotive think-tank CAR at the University of Duisburg-Essen.
www.reuters.com/article/2012/07/31/germany-autos-idUSL6E8IVN9620120731