BMW Group is moving to quarterly sales reporting in the U.S. and globally, joining an expanding roster of automakers seeking to avoid the vagaries of monthly results.
Nissan on Tuesday also said it will switch to quarterly sales reporting in the U.S., effective April. 1.
BMW said it is making the shift, which affects the BMW and Mini brands, immediately to quarterly sales reporting in the U.S. and globally. It will report first-quarter U.S. sales in April.
"BMW Group remains focused on profitable growth," a BMW of North America spokesman said in an email Tuesday. "To further emphasize our focus on profitability, BMW Group has made the decision to report all sales and financial figures in alignment across all brands and regions on a quarterly basis, beginning in this financial year."
Nissan spokesman Chris Keefe said: "We think it's a good way for us to provide a clearer picture of the sales performance over a longer period of time. There's a lot of monthly variances in sales — there's spikes and troughs. We think this will just smooth those."
BMW took pole position in the 2019 U.S. luxury sales race, fueled by the popularity of its SUVs and crossovers. The automaker beat Mercedes-Benz, which had been on top for three consecutive years.
But the win comes with an asterisk. BMW is being investigated by the Securities and Exchange Commission on allegations that it engaged in sales punching, or boosting results by having some dealers register vehicles as sold when cars or light trucks are still in inventory.
BMW’s decision to move to quarterly sales reporting is not related to the SEC investigation into BMW’s U.S. sales practices, the BMW spokesman said.
“The decision to move from monthly to quarterly sales reporting was made on the Group level and affects all brands and sales entities around the globe,” he said. “The decision is being announced now to coincide with the new financial year.”