Vehicle Recalls Down in Q3
But the average event size rose, Sedgwick says.
In keeping with the industry’s shift toward more electrified vehicles, the top recall cause for the third quarter in a row was electrical systems.
IMAGE: Pixabay/Photoman
Vehicle recalls fell in the third quarter, though the average number of effected vehicles in a recall rose, Sedgwick reported.
The total number of recalls dropped about 16% to 197, one of the lightest quarters in the past decade in that regard; Sedgwick said that only three other quarters in 10 years have seen fewer than 200 recalls.
The total number of effected vehicles fell by about 4% to 7.9 million. But the average size of recalls rose 14.4% to 40,200, significantly above the three-year average of 33,000.
In keeping with the industry’s shift toward more electric vehicles, the top recall cause for the third quarter in a row was electrical systems, which resulted in 41 recalls, or 21% of the quarter’s total, Sedgwick said.
Originally posted on Auto Dealer Today
More Industry
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 →
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 →