Quote:
Every year, automakers set aside a dollar amount for every car sold to budget for anticipated warranty repair costs, which include recalls. According to Warranty Week data, Ford towered over its competitors in per vehicle budgeting in 2021:
Ford was $1,041 — up from $940 in 2020
General Motors was $713, up from $498 in 2020
Hyundai was $651, down from $1,171 in 2020
Stellantis NV was $630, up from $576 in 2020.
Meanwhile, Toyota fell from $423 to $401 in its fiscal year that ended March 31, 2022, and Honda plummeted by more than half from $782 to $347 during the same period, reported June 23. The other companies have a fiscal year that ends Dec. 31.
Ford has budgeted more for these repairs since 2017, when it was just $342 per vehicle.
In fact, Ford’s $1,041 accrual rate per vehicle sold in 2021 was its highest level ever, or at least since warranty expense reports went public in 2002, Arnum said. Second place was 2020 when Ford was at $940 and third is $591 in 2019.
Can't remember if this was originally posted here or elsewhere.