General Motors Co <GM.N>, which is undergoing a recall crisis
related to a dozen deaths, had the third-lowest recall rate in the
30-year study, done by industry research firm iSeeCars.com. (http://bit.ly/O0uH63)
While GM's recall rate is relatively low, the recent two recalls
totaling 1.6 million vehicles for faulty ignition switches "suggest
potential systemic issues at the company that inhibited recalls from
being issued sooner," iSeeCars said in a press statement.
Overall, the recall rates "give some indication of the quality of
the automakers' manufacturing processes," said Phong Ly, chief
executive and co-founder of iSeeCars, in a telephone interview.
The Woburn, Massachusetts firm determined the recall rates of 15
major automakers in the U.S. market by comparing the number of
vehicles recalled from 1985 to 2014 with the number cars sold from
1980 to 2013.
Mercedes-Benz, owned by Daimler AG <DAIGn.DE>, issued recalls at a
rate of 0.41, which means that for every 100 cars sold, it recalled
41. Next on the list was Mazda Motor Corp <7261.T> at 0.55, Nissan
Motor Co <7201.T> at 0.71 and Subaru, a unit of Fuji Heavy
Industries <7270.T> at 0.73.
BMW <BMWG.DE> was the most timely to recall cars in the United
States since 1985, as determined by the percentage of recall
campaigns that took place within three years of a new vehicle being
sold, iSeeCars found.
In BMW's case, it had 232 recalls since 1985, and 87 percent of
those involved cars that were less than 3 years old. Second was
Nissan at 85 percent, with GM third at just under 85 percent.
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The ongoing GM recall and the major recall campaigns by Toyota Motor
Corp <7203.T> in 2009 and 2010 may make automakers more likely to
conduct more recalls, iSeeCars said.
Automakers with the highest recall rates were Hyundai Motor Co
<005380.KS> at 1.15, or 115 vehicles recalled for every 100 sold,
Mitsubishi Motors Corp <7211.T> at 1.09, Volkswagen AG <VOWG_p.DE>
at 1.06, Volvo, a unit of Geely Automotive Holdings <0175.HK>, at
1.05 and Chrysler, a unit of Fiat Chrysler Automobiles <FIA.MI>, at
The total number of vehicles recalled can be higher than he number
sold because the same models can be recalled several times for
(Reporting by Bernie Woodall; editing by Dan Grebler)
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