Recalls may be reason to stall some used-car sales

Expert says value should come back

Car owners trying to unload a vehicle impacted by the massive General Motors recalls might be better off waiting a few months, one auto trading expert said.

Congress members and car owners alike are blasting GM after questions emerged over whether the company could have done more to prevent at least 13 reported deaths linked to problematic engine switches.

The company has issued recalls for more than 2 million cars since February.

But history shows recalls do not tend to cause lasting effects on a vehicle value, Alec Gutierrez, senior market analyst for Kelley Blue Book said. The intense coverage, however, might make it difficult for car owners to get full value this weekend.

“If you’re trying to sell those cars right now, my guess is you’re not going to get top dollar for your car,” Gutierrez said.

Gutierrez, however, pointed to what happened to Toyota vehicles after the company recalled millions of vehicles in 2009-10. He said cars sold for about 1-2 percent less in the short term but the recalls had no long-term impact on resales.

“We didn’t really see much of an impact at all,” Gutierrez said.


RECALLED CARS

Here is a list of recalls impacting more than 40,000 cars since Feb. 10.

GENERAL MOTORS

PROBLEM: Airbags, electrical system

IMPACTED MODELS: 2008-2010 Chevrolet Cobalt, 2008-2011 Chevrolet HHR, 2008-2010 Pontiac Solstice, 2008-2010 Pontiac G5, 2008-2010 Saturn Sky


NUMBER OF POTENTIALLY AFFECTED CARS: 2,190,934

UPDATED TO INCLUDE: 2004-2006, 2008-09 Chevrolet Malibu, 2004-06 Chevrolet Malibu Maxx, 2009-2010 Chevrolet HHR (Non-Turbo), 2010 Chevrolet Cobalt, 2008-09 Saturn Aura, 2004-07 Saturn ION, 2005-06, 2008-09 Pontiac G6

MORE INFORMATION: Click here and click here

PROBLEM: Airbags

IMPACTED MODELS: 2009-14 Chevrolet Express, 2009-14 GMC Savana


NUMBER OF POTENTIALLY AFFECTED CARS: 303,013


MORE INFORMATION: Click here 

PROBLEM: Brakes

IMPACTED MODELS: 2013-14 Cadillac XTS

NUMBER OF POTENTIALLY AFFECTED CARS: 63,903

MORE INFORMATION: Click here

PROBLEM: Airbags

IMPACTED MODELS: 2008-13 Buick Enclave, 2008-13 GMC Acadia, 2009-13 Chevrolet Traverse and 2008-10 Saturn Outlook


NUMBER OF POTENTIALLY AFFECTED CARS: 1,176,407

MORE INFORMATION: Click here

PROBLEM: Powertrain

IMPACTED MODELS:  2014 Chevrolet Silverado Light Duty Regular Cab, Double Cab, and Crew Cab 1500 series, 2015 Suburban, 2015 Tahoe; 2014 GMC Sierra Regular Cab, Double Cab, Crew Cab 1500 Series model and 2015 Yukon and Yukon XL


NUMBER OF POTENTIALLY AFFECTED CARS: 489,936

MORE INFORMATION: Click here

PROBLEM: Powertrain

IMPACTED MODELS: 2013-14 Chevrolet Cruze


NUMBER OF POTENTIALLY AFFECTED CARS: 174,046

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NISSAN

PROBLEM: Airbags

IMPACTED MODELS: 2013-2014 Altima, 2013-2014 LEAF, 2013-2014 Pathfinder, 2013-2014 Sentra, 2013 NV200 (aka Taxi), 2013 Infiniti JX35, 2014 Infiniti Q50 and 2014 Infiniti QX60


NUMBER OF POTENTIALLY AFFECTED CARS: 989,701

MORE INFORMATION: Click here

CHRYSLER

PROBLEM: Headlamps

IMPACTED MODELS: 2011-2012 Dodge Charger 


NUMBER OF POTENTIALLY AFFECTED CARS: 43,452

MORE INFORMATION: Click here


TOYOTA

PROBLEM: Software

IMPACTED MODELS: 2010-14 Prius, 2012 Toyota RAV4, 2012-13 Toyota Tacoma and 2012-13 Lexus RX 350

NUMBER OF POTENTIALLY AFFECTED CARS: About 960,000 in the United States

MORE INFORMATION: Click here

PROBLEM: Supplemental restraint system

IMPACTED MODELS: 2003-04 Toyota Avalon


NUMBER OF POTENTIALLY AFFECTED CARS: 119,140

MORE INFORMATION: Click here

HONDA


PROBLEM: Fuel system

IMPACTED MODELS: 2005-10 Honda Odyssey


NUMBER OF AFFECTED CARS: 886,815

MORE INFORMATION: Click here

For a list of all recalls, click here

Source: National Highway Traffic Safety Administration
 

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