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