Automakers always thrive to set or even break sales records than previous years, 2014 the auto industry got some records that they probably dread setting. In 2014, more than twice as many vehicles were recalled than the former record of 30.8 million in year 2004.
Which Companies has the highest recalls?
General Motors is considered one of the top profile companies which led to the record-setting for year 2014 with -1.05% due to the ignition switch scandal and the ongoing recall of Takata airbags. Nonetheless, Ford’s recall contributed by -0.37% and other big automakers.
2.6 million cars is the total number of recalled cars by GM since the beginning of February 2014 in order to replace faulty ignition switches. This has positioned the company in a very unpleasant situation that probably caused other automakers to be more cautious about recalls.
Did recalls affect sales?
Although recalls are categorized in the “bad zone” for any company as they may affect their buying and selling records, the spate of recalls undoubtedly didn’t seem to dent sales much. Last year sales reached around 16.5 million car, which is considered to be the highest number of cars sold since before the recession. According to early indicators more growth is to be expected this year.
