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
Dealership Buy-Sells Keep Going Up
First-half transactions reflect continued high appetite for acquisitions despite falling profits, the most sought-after franchises bringing record prices.
Read More →
California Makes Electric Moves
New laws in the Golden State aim to advance consumer access to public electric-vehicle chargers and reduce costs and barriers to its infrastructure.
Read More →
Rare Earths Independence
Automakers seek alternatives to sourcing battery raw materials in volatile markets roiled by trade wars and disrupted supply chains.
Read More →
Volvo Appoints President and CEO
Klaus Zellmer will replace Håkan Samuelsson as president and CEO of Volvo Cars in 2027 as the company makes strategic shifts toward profitability and cash generation.
Read More →
Fix Up Your Fixed Ops
The department may hold untapped potential for your dealership. This issue of the magazine shares ways to unearth it and turn it around for more profits.
Read More →
Easier EV Charging Touted
Wireless charging pad provides automatic powering by just parking, says its maker, which sees a cable-free charger future as global EV demand grows.
Read More →
Vehicle Ownership Costs Rising
Fuel prices, car prices and depreciation are all factors for new vehicles, and this year’s average annual numbers are up with the inclusion of electrics and hybrids.
Read More →
Toyota Tops Longevity List
Toyota, Lexus, Honda and Acura came out on top in iSeeCars’ latest longest-lasting car brand study, all eclipsing the overall average chance of reaching 250,000 miles.
Read More →
From Military Service to Service Bay
Shifting Gears aims to alleviate the strain caused by the auto industry’s technician shortage while easing the sometimes jarring transition that veterans face after leaving the Army.
Read More →
European EV Sales Skyrocket
The EV market on the continent held strong in July with almost 25% of new-car sales being fully electric units, a stark contrast to the U.S., where EV sales declined about 42%.
Read More →