Figure 2: Automotive recall comparison between the US and China

US market
Car parc: 287m
Future growth in 10y: 0.2%
New car sales: –1%

CASE trends
E-mobility: 8% new car sales by 2030
Smart: 36% by 2030
Shared mobility: 6.4 trillion VKT by 2030

Recall trends
10y average recall events: 841
10y average recall units: 46.67m
Most exposed parts: airbags, E/E, brake, equipment, powertrain

China market
Car parc: 281m
Future growth in 10y: 0.7%
New car sales: 2%

Case trends
E-mobility: 22% new car sales by 2030
Smart: 54% by 2030
Shared mobility: 12.2 trillion VKT by 2030

Recall trends
10y average recall events: 171
10y average recall units: 7.5m
Most exposed parts: airbags, fuel, E/E, engine, suspension

Source: Swiss Re, data source: DPAC & NHTSA