Auto Recalls Fell Last Year
Report shows number of effected units was at a nine-year low.
There were 3.6 million fewer units recalled last year than in 2021 for a total of 31.2 million.
IMAGE: Pixabay/qimono
Automotive recalls fell about 13% year-over-year in 2022 to 955, according to Sedgwick, based on data from the National Highway Traffic Safety Administration.
The data provider also noted a drop of 6% from the third quarter to the fourth.
Despite the quarter-over-quarter decrease, the number of effected units rose about 44% to 7.5 million in the fourth quarter. Year-over-year, though, effected units were at a nine-year low, or 3.6 million fewer units than in 2021 for a total of 31.2 million.
Sedgwick reported that equipment issues continued to be the most common problem leading to recalls last year, or 21% of recalls, plus the leading cause in the fourth quarter and for eight quarters running.
But in terms of effected units, equipment accounted for just 2% of the year’s total.
In the fourth quarter, exterior lighting led the cause categories for number of effected units, impacting 1.6 million units across eight recalls.
Originally posted on Auto Dealer Today
More Industry
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Selling to Grow
The question of whether you should sell your agency and if so, when, is up to you. But it’s a question worth asking to ensure you keep the business on the right path for yourself, employees and clients.
Read More →
Recalled Vehicles Hit 5-Year High
Though the number of events has fallen so far this year, impacted units are up significantly. Meanwhile, regulators consider consumer notification changes.
Read More →