By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Markets > Stocks > Quality of new vehicles in US declining on more tech use, study shows
Stocks

Quality of new vehicles in US declining on more tech use, study shows

News Room
Last updated: 2023/06/23 at 1:20 PM
By News Room
Share
2 Min Read
SHARE

© Reuters. FILE PHOTO: A nighttime view of vehicle traffic along the Interstate 405 (I-405) highway in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone and long exposure. REUTERS/Bing Guan/File Photo

(Reuters) – Quality of new vehicles sold in the United States is declining as factors such as growing use of technology and lower build quality of certain parts are making the models more “problematic”, according to automotive consultant J.D. Power.

Build quality of certain parts such as audio systems and cup-holders have resulted in quality issues, the report said, which collected data from 93,380 purchasers and lessees of 2023 model-year vehicles.

Automakers have been leaning on software and technology as they rush to roll out innovative models amid easing supply constraints and labor shortages.

Problems per 100 vehicles (PP100) rose 30 PP100 during the past two years, the report said. A lower score reflects higher vehicle quality.

Quality ratings of Tesla (NASDAQ:) Inc, which is not officially ranked among other brands in the study as it did not meet ranking criteria, increased by 31 PP100 year-over-year to 257 PP100 in 2023.

Electronic touch-point designed door handles offered on new vehicles have also become an issue, with seven of the 10 most problematic models seen in battery electric vehicles, the report said.

The wide range of quality problems in the automotive industry is “a phenomenon not seen in the 37-year history of the Initial Quality Study”, said J.D Power’s senior director of auto benchmarking Frank Hanley.

“Today’s new vehicles are more complex — offering new and exciting technology — but not always satisfying owners,” Hanley added.

Dodge ranked the highest overall in terms of initial quality, while Chrysler and Volvo were jointly ranked lowest, according to J.D. Power.

The study, carried out from February through May, is based on 223 questions divided into nine vehicle categories.

Read the full article here

News Room June 23, 2023 June 23, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Role reversal: how foot-dragging France blindsided newly assertive Berlin

German Chancellor Friedrich Merz was making one last push to persuade EU…

Why Americans are obsessed with denim

Watch full video on YouTube

The biggest investing risk? Not investing!

Watch full video on YouTube

We Went To Intel’s Arizona Chip Fab To See If It Can Regain Its Edge

Watch full video on YouTube

Investors await Nvidia earnings this week, bitcoin erases 2025 gains

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

CPS reports solid 2023 performance, eyes future growth By Investing.com

By News Room
Stocks

Niu Technologies faces mixed results in Q4 2023 By Investing.com

By News Room
Stocks

Exagen Inc. reports strong 2023 revenue growth By Investing.com

By News Room
Stocks

Legacy Housing reports mixed results amid sales decline By Investing.com

By News Room
Stocks

Harmony Biosciences exec sells over $383k in stock By Investing.com

By News Room
Stocks

Biofrontera posts record revenue and outlines growth plans By Investing.com

By News Room
Stocks

Granite Ridge CFO buys $31,000 in company stock By Investing.com

By News Room
Stocks

Coliseum Capital Management buys MasterCraft Boat shares worth over $3.2m By Investing.com

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?