Galves Ponders Impact Takata Recall Will Have on Used Market

Galves_Dan2

Dan Galves
Edi­tor
Galves Auto Price List

One of the prob­lems for man­u­fac­tur­ers, deal­ers, and con­sumers with the Taka­ta airbag recall is con­fu­sion over which vehi­cles are actu­al­ly affect­ed. Of course, for many of us, our par­tic­u­lar inter­est in the issue relates to how it will affect the pric­ing of used vehi­cles. One issue with the poten­tial to have a major impact on the used vehi­cle mar­ket are the stop-sell direc­tives being issued to their fran­chised deal­ers by OEMs.

Honda/Acura and BMW Have Issued Stop-Sale Warn­ings to their Deal­ers:
We expect oth­er man­u­fac­tur­ers to fol­low suit in the not too dis­tant future.

There May be Some Deal­ers Will­ing to Risk the Lia­bil­i­ty Issues:
May indem­ni­fy them­selves with waivers from buy­ers will­ing to take the risk.

Some Cars May Become More Desir­able Because They Are Not Part of Recall:
Will late mod­el Acu­ra TSXs rise in val­ue because Acu­ra deal­ers can­not sell late mod­el ILXs?

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