Forums
New posts
Search forums
What's new
Articles
Latest reviews
Author list
Classifieds
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Chatting and General Stuff
General Discussion
Truck Question
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Outlaw6.0" data-source="post: 902791" data-attributes="member: 23486"><p>Interesting data Gary. Can you post a link to that? I'm not finding those #'s, I don't know which is right or which is wrong (so go easy on me) but according to Warranty Week:</p><p> </p><p>"During the recession, the OEMs made fewer cars, but they also made better cars. Every year, they set aside less per vehicle, and a smaller percentage of revenue, to cover warranty expenses. Honda and GM slipped back a little in 2012, but for the others this is a continuing trend.</p><p>Now, here is the biggest surprise of all. We took the accrual rates per vehicle for all eight OEMs, and for the four European and two Japanese OEMs we converted those figures into U.S. dollars. Once we did that, we realized that Ford had the second-lowest accrual rate per vehicle, and that GM and Fiat were almost in a tie for third."</p><p> </p><p> </p><p>[ATTACH]29949[/ATTACH]</p><p> </p><p> </p><p>So the biggest nuggets of news here are that </p><p>1) all of the European OEMs plus Ford and Toyota managed to successfully reduce their warranty expense rates in their most recent fiscal years.</p><p>2) Honda is back over $250 per vehicle for the first time in five years, though it still has the lowest vehicle warranty expense rate in the world, </p><p>**3) Ford has the second-lowest vehicle warranty expense rate in the world. </p><p>4) Fiat once again has its warranty expenses under control, and </p><p>5) Toyota is now fifth out of eight, after holding second place from fiscal 2002 to 2006, but continues to recover from the massive recalls of 2009 and 2010.</p><p> </p><p> </p><p>Now, working in "business", I know how VERY easy it is to skew numbers in any particular favor you wish. That's why I posted what I believed to be true. Your numbers are different & it makes me curious. Both your report & mine show the Big 2 bringing accrual down substantially, it really is win-win for us as the consumer.</p><p> </p><p> </p><p>t</p></blockquote><p></p>
[QUOTE="Outlaw6.0, post: 902791, member: 23486"] Interesting data Gary. Can you post a link to that? I'm not finding those #'s, I don't know which is right or which is wrong (so go easy on me) but according to Warranty Week: "During the recession, the OEMs made fewer cars, but they also made better cars. Every year, they set aside less per vehicle, and a smaller percentage of revenue, to cover warranty expenses. Honda and GM slipped back a little in 2012, but for the others this is a continuing trend. Now, here is the biggest surprise of all. We took the accrual rates per vehicle for all eight OEMs, and for the four European and two Japanese OEMs we converted those figures into U.S. dollars. Once we did that, we realized that Ford had the second-lowest accrual rate per vehicle, and that GM and Fiat were almost in a tie for third." [ATTACH]29949.vB[/ATTACH] So the biggest nuggets of news here are that 1) all of the European OEMs plus Ford and Toyota managed to successfully reduce their warranty expense rates in their most recent fiscal years. 2) Honda is back over $250 per vehicle for the first time in five years, though it still has the lowest vehicle warranty expense rate in the world, **3) Ford has the second-lowest vehicle warranty expense rate in the world. 4) Fiat once again has its warranty expenses under control, and 5) Toyota is now fifth out of eight, after holding second place from fiscal 2002 to 2006, but continues to recover from the massive recalls of 2009 and 2010. Now, working in "business", I know how VERY easy it is to skew numbers in any particular favor you wish. That's why I posted what I believed to be true. Your numbers are different & it makes me curious. Both your report & mine show the Big 2 bringing accrual down substantially, it really is win-win for us as the consumer. t [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Chatting and General Stuff
General Discussion
Truck Question
Top