(Bloomberg) — BMW AG outsold Daimler AG’s Mercedes-Benz in the U.S. for the aboriginal time in four years afterwards alarming out its battling in the final ages of 2019.
BMW awash 35,746 cars and action account cartage in December and accomplished the year advanced by added than 8,700 units. The Munich-based architect staged a awakening this year by bushing out its SUV calendar with the massive new X7, the three-row archetypal its dealers waited on for a decade.
Mercedes was meanwhile bedridden by supplier bottlenecks that coiled assembly at its abandoned U.S. car-assembly bulb in Tuscaloosa, Alabama. The automaker awash 316,094 cartage in 2019, aloof 135 added than the antecedent year.
Still, the adventure of the year may not be over. The U.S. Securities and Exchange Commission is investigating BMW’s s-reporting practices, the aggregation accepted aftermost month.
Dealers accept criticized BMW in the accomplished for pressuring them to cartage to banal their fleets of “loaner cars” for barter accepting their cartage serviced. Bloomberg News appear on bonuses or allowances the aggregation paid to dealers in 2015 and 2012 that helped aerate s results.
Automakers accept had to recapitulate s after-effects before. General Motors accepted in 1999 that it abstract Cadillac s for the antecedent December and had to bead its affirmation that the cast outsold Ford Motor Co.’s Lincoln.
(Adds capacity on SEC delving starting in fourth paragraph)
–With abetment from Melinda Grenier.
To acquaintance the anchorman on this story: Gabrielle Coppola in New York at email@example.com
To acquaintance the editors amenable for this story: Craig Trudell at firstname.lastname@example.org, Melinda Grenier
For added accessories like this, amuse appointment us at bloomberg.com
©2020 Bloomberg L.P.
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