Rocking consumer headlines of late is the news that Toyota & GM have recalled thousands of cars. Consumers are used to hearing about recalls. It has even come to be expected. But when there are thousands of cars being recalled, that is when blood starts to boil and worries start to mount. Read on for a look at why the cars are being recalled and what this could mean for the two automotive giants.
GM Identified an Ignition Switch Defect
On February 25, 2014, General Motors made the announcement that they were aware of an ignition switch flaw that moves into the off position and turns engines off during operation. General Motors discovered that there were a total of 31 crashes and 13 deaths as a result of this faulty operation. As a result, GM has said that there are over 1.62 million cars worldwide that are affected by this issue. Just two weeks prior, GM had recalled almost 780,000 cars, including 2005-2007 Chevrolet Cobalts and 2007 Pontiac G5 sedans and coupes.
Toyota Recalls Caused by Traction Control Malfunction
GM isn’t alone in recalling their vehicles due to malfunctioning equipment. Toyota recalled approximately 261,000 pick-up trucks and sports utility vehicles due to malfunctioning traction control. The vehicles affected include the 2012-2013 Lexus RX 350, the 2012 Toyota RAV4 and the 2012-2013 Toyota Tacoma. Toyota has been investigating this issue since July 2012, with the largest recall coming this month.
The Repercussions of the Recalls
With thousands of cars and trucks being recalled, brand names come into question. Consumers could decide not to purchase their cars from that manufacturer in the future. In addition, consumers could become frustrated and angry with having to worry about these defective vehicles that they spent their hard-earned cash on. Why many recalls cannot be foreseen, it is vital that consumers do their homework and check into manufacturer history to see how often recalls such as these are performed. By going with an auto manufacturer with a good track record, you are less likely to purchase or lease a car, truck or van that will not malfunction or be recalled.
The Bottom Line
Only time will tell if this recall is isolated to just a few types of vehicles or is more widespread. Customers should keep their eye open for consumer recalls that apply to their vehicle. This especially applies to individuals who just purchased or leased a new vehicle in 2012 or 2013.