MenuMENU
SearchSEARCH

Auto Recalls Fell Last Year

Report shows number of effected units was at a nine-year low.

March 3, 2023
Auto Recalls Fell Last Year

There were 3.6 million fewer units recalled last year than in 2021 for a total of 31.2 million.

Credit:

IMAGE: Pixabay/qimono

1 min to read


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.

DIG DEEPER: Ford Has Most 2022 Recalls

More Dealer Ops

F&Iby StaffApril 2, 2025

DOWC Powers the Future of F&I for NESNA

Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.

Read More →
IndustryNovember 27, 2024

Six Powerful Questions

Take the time to answer these and lay the groundwork for a successful year-end.

Read More →
Dealer Opsby Hannah MitchellSeptember 19, 2024

Sunny Side Up

Many dealers are going green – both environmentally and cash-wise – by powering their stores with solar-generated electricity.

Read More →
Ad Loading...
IndustryAugust 26, 2024

Is It Time to Rethink Business Development Centers?

Their role at automotive dealerships is essential today to give salespeople time to close deals.

Read More →
Product & Technologyby Hannah MitchellAugust 22, 2024

A Backup Plan

DMS outage revealed a gap that dealers may want to fill.

Read More →
Dealer OpsAugust 20, 2024

Maximizing Revenue Potential

The strategic imperative for auto dealers is to prioritize F&I product sales and wealth-building in challenging times.

Read More →
Ad Loading...
IndustryAugust 7, 2024

How to Optimize Liquidity in a Fluid Environment

It's wise to not take your dealership's banking relationships for granted.

Read More →
IndustryJuly 29, 2024

Unlocking the Keys to Success

Why customer retention matters now more than ever

Read More →
Dealer Opsby StaffJuly 23, 2024

Store Names First Female Dealer Principal

Howard Bentley Buick GMC is now headed by Taylor Bentley Conner.

Read More →
Ad Loading...
IndustryJuly 18, 2024

Masters in Training

Rick McCormick preaches the wisdom of breaking into what he considers the top 3% of F&I managers with a stance of continuous development.

Read More →