Day: May 5, 2021

Car Salesman Accused of Costing Fiat Chrysler $8.7 Million With Employee Discount Scam

A car salesman in Michigan is being accused of costing Fiat Chrysler Automobiles (FCA) $8.7 million in a wire fraud scam.

The Department of Justice unsealed charges against 34-year-old Apollon Nimo on Friday, charging the Parkway Chrysler Dodge Jeep Ram salesman with wire fraud and conspiracy to commit wire fraud for allegedly orchestrating a seven-year-long scam that involved illegally selling employee discounts to non-qualified car buyers.

Nimo was arrested on Friday and appeared in court before being released on bond. If convicted, he could face up to 20 years in prison.

According to a release from the DOJ, Nimo “improperly trafficked in, used, and sold” the manufacturer’s employee purchase control numbers (EPCNs) through private Facebook groups from 2014 through the present. Nimo’s use of EPCNs not only provided discounts to non-qualified customers, but also aided him in becoming the top Fiat Chrysler seller in 2018 and 2019.

“The complaint further

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April new car sales in ‘artificial’ 3,000% increase as showrooms reopen

a car parked in a parking lot: Vauxhall Corsa

© Provided by Motoring Research
Vauxhall Corsa

New car registrations grew 3,176 percent in April 2021 as showrooms reopened – but the Society of Motor Manufacturers and Traders has urged caution at this ‘artificial’ figure.

Lockdown closures in April 2020 saw just 4,321 new cars registered, mainly to essential workers.

Last month’s volumes remain 12.9 percent down on the 10-year average with 141,583 new cars registered. They are also lower than April 2019.

Private car buyers have been returning to retailers since they reopened on 12 April, shown by a more than doubling of market share.

Last year, just 871 retail cars were sold: last month, this rocketed more than 7,000 percent to almost 62k cars.

Even so, demand from consumers is still 14.5 percent down on the 10-year average.

The SMMT has also pointed out that pure electric car sales were, unusually, beaten by plug-in hybrid (PHEV) volumes.

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