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Posts Tagged ‘Society of Automotive Analysts’

Expect Recall Numbers to Remain High, Study Says

NHTSA looks to increase investigation numbers, leading to more actions.

by on Feb.25, 2015

Mark Rosekind, NHTSA's new administrator, is pushing for a tripling of the agency's budget to ensure it can be an "enforcer" of safety rules.

The steady stream of automotive recalls that made 2014 the Year of the Recall is unlikely to occur again this year, but volumes are likely to be higher than normal, according to a recently released study.

Stout, Risius and Ross, a financial advisory firm, released its second annual automotive industry warranty and recall study suggesting that the federal government is getting better at determining when there is a problem and getting automakers to take action, which will mean more recalls than normal this year. The firm discussed its findings at the Society of Automotive Analysts second annual Automotive Warranty and Recall Symposium.

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In short, another year with with 63.9 million vehicles recalled shouldn’t happen nor should a replay of last year’s type of recalls where two large events dominate the recalls. According to the firm, Takata’s faulty airbags accounted for 30% of last year’s recalls and General Motors was good for 20% with its action related to its ignition switches. GM, Toyota, Ford and Chrysler led the year in recalls. (more…)

U.S. Sales Top Ten Seller List

The Elantra puts the Korean maker Hyundai in the elite sales group for the first time.

by on Sep.02, 2009

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It's been a long time coming but the Koreans have made it into the Top Ten for the first time ever.

The Korean automaker Hyundai clearly benefitted from U.S. taxpayer cash in August as its sales increased 47% from the year before.

Perhaps more significant is the movement of the Elantra model into the Top Ten U.S. seller list for the first time by jumping up seven places. The compact, fuel efficient car is no stripper either. Asking prices range from $15,000 to $20,000, and 21,000 of them were delivered during the month, twice the number of the comparable period in 2008.

Though its engine still uses a cast iron block and Elantra isn‘t the most sophisticated or quiet small car, the Korean import has an EPA rating of 25 city and 33 highway and has been supported by clever marketing campaigns all year long. Eight of the ten vehicles that saw the most Clunker sales were from offshore brands.

The other vehicles on the Top Ten list are the usual best sellers, although the list shuffled a bit to reflect the strong preference for cars by the many shoppers who were converted into buyers. It didn’t help that two of the strong players in the truck business, General Motors and Chrysler, were newly emerged from bankruptcy and with their plants either shut down or just coming back up as the sales frenzy began.

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