Auto Recalls Down in Q2
Electrical systems fell from the leading reason for the first time in over a year.
By volume, back-over prevention systems led reasons for recalls, affecting 1.7 million units.
Pexels/Ishan Kulshrestha
U.S. automotive recalls fell in the second quarter, marking the second lowest quarterly volume of affected units in a decade.
Five million units were recalled, down 60% quarter-over-quarter, and the number of recall events fell 7% to 243, according to Sedgwick data.
Still, the number of affected units was up 10% year-over-year in the first six months of 2024, the only first-half increase since 2020.
Equipment led the categories of problem areas requiring recalls, with 42 events, or 17%, surpassing electrical systems, which had led causes for a year as electric-vehicle sales increased.
By volume, back-over prevention systems led reasons for recalls, affecting 1.7 million units over a dozen events, including one recall that affected more than a million units.
DIG DEEPER: Recall Reconnaissance
Originally posted on Auto Dealer Today
More Industry
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →
State Follows Federal Warning on Auto Ads
The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
Read More →
Consumer Outlook on the Rise
Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
Read More →
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →