Connect with us

Commodities

Visualized: 40 Years of U.S. Automobile Recalls

Published

on

Dashboard 1

var divElement = document.getElementById(‘viz1677573630807’); var vizElement = divElement.getElementsByTagName(‘object’)[0]; vizElement.style.width=’1250px’;vizElement.style.height=’2027px’; var scriptElement = document.createElement(‘script’); scriptElement.src = ‘https://public.tableau.com/javascripts/api/viz_v1.js’; vizElement.parentNode.insertBefore(scriptElement, vizElement);

Open the large interactive version here automobile recalls in the U.S. from 1983 to 2022

Open the large interactive version here automobile recalls in the U.S. from 1983 to 2022

Visualized: 40 Years of Automobile Recalls in the U.S.

In early February 2023, Honda issued a “Do Not Drive” warning for around 8,200 older cars equipped with the infamous Takata airbags.

These faulty airbags, installed by 19 different automakers including BMW and Toyota from 2002 to 2015, can explode when deployed and have led to numerous tragic accidents. Their recall affected 67 million airbags (including Honda’s vehicles above) and has been known as the largest safety recall in U.S. history.

Over the past four decades, there have been over 22,000 automobile recalls in the United States.

In this interactive piece, Chimdi Nwosu uses data from the National Highway Traffic Safety Administration to visualize the types of automobile recalls over the past 40 years, the companies with the most recalls, the components that were recalled the most, and, most importantly, their impacts on people.

Breaking Down U.S. Automobile Recalls

Whether a recall affects specific vehicle components, equipment, or vehicles as a whole, it affects the lives of millions of automobile users.

When combined, these numbers ramp up exponentially. The U.S. alone has seen a total of 22,651 recalls over the past 40 years, impacting more than one billion people.

Recall Type# of U.S. Recalls (1983‒2022)People Affected
Vehicle19,686776.42M
Equipment2,303207.51M
Tire44236.53M
Car Seat22060.39M
Total22,6511,080.84M

Almost 72% of these people were affected by nearly 20,000 vehicle recalls, while around 19% were impacted by over 2,000 equipment recalls during this period. Comparatively, the 442 tire recalls and 220 child seat recalls affected significantly less, but still a total of 96.9 million people.

While an inconvenience to many, the recall of these faulty vehicle parts saves many more from unfortunate incidents that may have occurred if left unchecked.

Minor and Major Recalls

One of the largest recalls in history took place in 2014 when General Motors—the manufacturer with the highest total of recalls in four decades—recalled millions of vehicles including the 2005-2007 Chevrolet Cobalt, 2007 Pontiac G5, and 2006-2007 Chevrolet HHR, amongst others.

RankTop Manufacturer by
Recalls
# of U.S. Recalls (1983‒2022)
1General Motors1,237
2Ford1,056
3Chrysler909
4Forest River480
5Daimler Trucks474
6BMW463
7Volkswagen435
8Mercedes-Benz378
9Honda377
10Blue Bird359

The reason for this recall was a faulty ignition switch that caused the vehicle’s engine to shut down while driving, disabling safety systems including airbags. This fault led to the death of hundreds of people.

However, not all recalls are this severe. BMW, for example, recalled just four vehicles in December last year because one of the four bolts in the driver’s backrest was not attached properly.

Similarly in 2020, Ford recalled some of its vehicles due to a faulty door latch. While this recall inconvenienced over two million users, it was less likely to lead to severe consequences if left unchecked.

A Safer Future?

The number of automobile recalls over the past four decades has seen a steep rise. As have car safety standards.

While recalls could hint at the risks involved in taking your car out for a drive, they also indicate manufacturers taking responsibility for their faulty commodities, and affect a very small percentage of vehicles on the road.

To improve automobile safety, the NHTSA proposed a New Car Assessment Program in 2022, which provides vehicle users with safety ratings for every new vehicle. This five-star safety rating program rates the vehicles’ safety features, crashworthiness, and resistance to rollover.

With self-driving cars now also entering the mix, we need to stay informed about vehicle safety to keep our vehicles, our streets, and ourselves safe in the future.

green check mark icon

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

Subscribe to Visual Capitalist
Click for Comments

Commodities

Gold Prices by U.S. President (1989-2024)

Gold prices increased by 37% during Biden’s presidency, but which U.S. president saw the greatest gold price increase during their term?

Published

on

Gold Prices by U.S. President (1989-2024)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Gold prices per ounce surpassed $2,500 USD for the first time ever in August 2024, setting a new all-time high.

The surge in gold value this year has largely been driven by increased central bank demand amidst an increasingly complicated geopolitical and financial landscape. A World Gold Council survey conducted in April 2024 found that 29% of central bank respondents intend to increase their gold reserves in the next 12 months.

This graphic visualizes the gold price per troy ounce in USD from 1989 to August 29, 2024, with the change in price labeled for each U.S. president’s term.

The figures come from the World Gold Council, who compile price data from ICE Benchmark Administration and the Shanghai Gold Exchange.

Gold Prices Surged During Recent Presidencies

Below, we show the price change in gold per troy ounce in USD between the start and end of each U.S. president’s term.

PresidentInauguration datePrice changeGold price per troy ounce (USD) at start of termGold price per troy ounce (USD) at end of term*
George H. W. BushJan. 20, 1989-19%$405.50$331.00
Bill ClintonJan. 20, 1993-20%$330.50$264.76
George W. BushJan. 20, 2001215%$267.01$836.10
Barack ObamaJan. 20, 200944%$836.00$1,204.31
Donald TrumpJan. 20, 201753%$1,208.02$1,841.01
Joe BidenJan. 20, 202137%$1,870.01$2,523.00

*For President Biden, the date of August 29th, 2024 was used for the ending gold price in calculations.

Gold has historically been seen as a safe-haven asset during times of geopolitical uncertainty and economic instability. While gold’s prices increased by over 50% under Trump’s presidency, and by another 37% during Biden’s, the greatest increase of 215% (since 1989) came during George W. Bush’s presidency.

Spurred by the 9/11 attacks and the geopolitical instability which followed, gold’s bull run during Bush’s presidency from 2001 to 2009 could’ve been even greater had the 2008 global financial crisis not occurred. Instead, fear of deflation and a flight to the safety of the U.S. dollar resulted in a 30% dip from the peak to trough of gold prices in 2008.

Events like 9/11, the COVID-19 pandemic, and the Ukraine-Russia war have all contributed to significant increases in gold prices, as investors seek stability during turbulent times​.

Whether Donald Trump is reelected or Kamala Harris becomes the first female president of the U.S., Citigroup analysts forecast gold prices exceeding $3,000 by the end of 2024.

Learn More on the Voronoi App

To learn more about gold’s recent performance on the markets, check out this graphic that shows the value of a gold bar in various sizes as of August 2024.

Continue Reading

Subscribe

Popular