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CARFAX: Nearly 750,000 Takata Airbags Replaced in 12 Months; 5.7 Million Vehicles Still At Risk

1. 5.7 million vehicles still have dangerous Takata airbags. 2. CARFAX reports a decrease of 750,000 unsafe vehicles in the last year. 3. CARFAX's 'Recall Tracker' aims to increase consumer awareness on vehicle recalls. 4. California, Texas, and New York lead in airbag replacement efforts. 5. Unrepaired airbags are still a concern in key states like Texas and California.

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FAQ

Why Neutral?

While CARFAX's efforts improve consumer safety, it does not directly enhance SPGI's financials.

How important is it?

While CARFAX is part of SPGI, the urgency of recalls may not significantly impact SPGI's market performance directly.

Why Long Term?

Increased safety awareness can improve vehicle resale values, benefiting SPGI indirectly over time.

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New CARFAX 'Recall Tracker' Sheds Light on the Nation's Most Urgent Auto Recalls , /PRNewswire/ -- Over a decade since the National Highway Traffic Safety Administration (NHTSA) launched a nationwide recall due to the potentially life-threatening risks posed by Takata airbags, 5.7 million vehicles across the U.S. still carry these defective airbags, according to new data from CARFAX. In a sign of progress, CARFAX data shows the number of cars on the road with Takata airbags has dropped by nearly 750,000 over the last year. "Heightened and coordinated efforts by organizations like NHTSA and the Alliance for Automotive Innovation, in partnership with CARFAX, have helped raise consumer awareness and close millions of recalls," said Faisal Hasan, Vice President of Data at CARFAX. States Making the Most Progress – In the last 12 months, these five states have had the highest number of Takata airbag replacements or recall closures: California: 107,500 Texas: 80,800 New York: 41,000 Illinois: 40,800 Florida: 35,200 Three of these states—California, Texas, and New York—also utilize the Vehicle Recall Search Service, a powerful tool built by CARFAX and the Alliance for Automotive Innovation. This free service allows qualified entities, in particular state motor vehicle, public safety, and inspection departments to check vehicles for unrepaired recalls. The other participating states and territories are Ohio, Arizona, Connecticut, Maryland, Washington, and Puerto Rico. Top 10 States With the Most Unrepaired Takata Airbags – Despite recent gains, millions of airbags remain unrepaired, especially in these 10 states: Texas: 706,900 California: 631,440 Florida: 270,140 Pennsylvania: 183,460 North Carolina: 181,490 Ohio: 178,970 Arizona: 178,970 Georgia: 174,480 Tennessee: 173,360 New York: 165,220 To help close recalls nationwide, CARFAX has launched a new 'Recall Tracker' — a monthly resource designed to spotlight the most urgent recalls. The Recall Tracker not only helps keep consumers informed, but it also brings attention to unfixed recalls that could pose serious risks, including bodily harm or even death, according to NHTSA. By making these safety issues more visible, the tracker empowers consumers to take action and stay safe. Consumers can also check, for free, whether their vehicle has an unresolved recall at carfax.com/recall. Monitoring apps like Carfax's Car Care app can help car owners receive timely reminders including alerts for recalls and oil changes. Editor's note: The latest figures for Takata airbags in your state or market area can be made available upon request. Interviews with a Carfax expert are available anytime. Please contact Em Nguyen at [email protected]. About CARFAX CARFAX, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX® vehicle history information. The expert in vehicle history since 1984, CARFAX provides CARFAX Car Listings, CARFAX Car Care, CARFAX History-Based Value and the flagship CARFAX Vehicle History Report to consumers and the automotive industry. CARFAX owns the world's largest vehicle history database and is nationally recognized as a top workplace by The Washington Post. Shop, Buy, Service, Sell – Show me the CARFAX®. S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. SOURCE CARFAX WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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