Auto Recalls Up in Q1
Though the number of effected units fell, it was the largest quarterly volume in over two years.
Air bag issues were the most common reason by volume, representing a quarter of effected units, or three million.
Pexels/Dietmar Janssen
Automotive recalls rose 9% in the first quarter to the highest volume of any quarter in two and a half years, though the volume of effected units fell.
A Sedgwick report puts the quarterly total at 262 recalls, the most of any quarter since the third quarter of 2021, according to the report, which says that only one other quarter in the past five years has seen more: 2021’s second quarter.
The number of units involved in the recalls dropped 15% quarter-over-quarter to 12.5 million. The average recall size fell from a little more than 61,000 units to just over 47,500.
Electrical systems were the leading cause of recalls for the fifth quarter in a row, and recalls involving electrical systems increased 25% to 66 events, the most in a single quarter in more than five years, Sedgwick said. Air bag issues, though, were the most common reason by volume, representing a quarter of effected units, or three million.
Originally posted on Auto Dealer Today
More Industry
Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
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 →