With the advancement of technology in the automotive sector, the number of recalls has also grown considerably. This year the number of recalls in the global market has been the subject of news most often. In recent times, big names from the auto industry have been issuing recalls, back in May, General Motors had recalled about 2.7 Million vehicles. The recall was announced In less than a month’s month since it had last spent about $ 1.3 Billion for 7 million vehicles including the 2.6 Million vehicle affected by faulty ignition switches Toyota on the other hand had called for about 2,50,000 vehicles.
Speaking more on the recall scenario this year, the Detroit Free Press stated, “To put that in perspective, automakers have now recalled more than three times the number of new cars and trucks Americans will buy this year. Most often, owners of the vehicles with defect receive a notification from the manufacturer through post or an email stating a recall. The notification shall carry instructions on the nature of fault and your nearest dealership outlet from where you can get the fault rectified at no additional cost.
The recall has also affected the used car segment in the international market. As per records, about 3.5 Million used cars reach the market with unresolved recalls. Carfax, used-car title search company expects the number to swell further this year. Larry Gamache, communications director at Carfax, said, “Open recalls are a major public safety issue. In fact, our research indicates that more than one in ten used cars for sale online has an open recall.” Internationally, owners have the option of registering their vehicle with the National Highway Traffic Safety Administration (NHTSA) to get automatic updates once problem is discovered. The free app from the system also lets you submit complaints to NHTSA in case you come across problems.
