Monday, December 22, 2014

Record for vehicles recalled in a single year smashed in 2014.

Bloomberg News (12/21, Green, Plungis, 1.94M) reported that, thanks to massive safety recalls this year by General Motors and Takata Corp., vehicle recalls in 2014 “surpassed the 60 million mark for the first time in a single year,” with the number of vehicles recalled in the US so far this year hitting 60.5 million vehicles, “almost double the previous annual record of 30.8 million recalled vehicles set in 2004.” According to senior analyst Michelle Krebs, today “automakers do not want to be accused of dragging their feet, so they’re very quick to issue a recall.” In light of all this, US consumers have not reduced their car-buying habits. 

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