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
Auto Group Acquires Top-Performing Rooftop
Car Pros sold its Kia Huntington Beach location to Sutherlin Automotive Group, marking the buyer’s third location in Southern California.
Read More →
China as Pacesetter
Automotive leaders huddled on where North America stands in the global picture and how it can strengthen its position against the Asian juggernaut’s surging industry.
Read More →
BMW Concept Car Makes Fuel to Burn
The prototype developed in concert with a South Carolina university engineering team generates more solar energy than it uses in a typical daily commute.
Read More →
South Carolina Auto Group Downsizes
Florida-based group Holler-Classic has acquired four rooftops, its first in South Carolina, from Dick Smith Automotive Group.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Structure Leads to Optimized Auto Listings
As the average car-buying journey has shifted to a blend of digital and retail, a dealership’s vehicle listings must be optimized to answer shoppers’ questions clearly and accurately.
Read More →
Consumers Mixed on Economy, Finances
A July survey shows spotty sentiment of current and future conditions, in addition to demographic differences as overall opinion of present circumstances kept sliding.
Read More →
EVs Closing the European Gap
Electrified powertrains led June new-vehicle sales in Europe, reaching 26% of the market.
Read More →
Early Intervention Saves Retention
Sales and service departments have the highest annual dealership turnover rates, according to a new industry report, costing money and time that could be better spent elsewhere.
Read More →
Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →