GM recalls may continue, says Barclays

According to a new report GM may continue recalling cars into the summer.

NEW YORK (CNNMoney)

That's according to a research report from Barclays Capital.

Auto analyst Brian Johnson says he met with senior management at GM (GM, Fortune 500)on Wednesday and listed "continued recall announcements" as a key takeaway from the meeting.

GM declined to comment on the report.

Barclays said that GM hired 30 more investigators to mine data and that it hopes to be done with the recalls by mid-summer.

In the meantime, however, it's tough to say if recalls from past vehicles has already peaked, as the team has not yet completed mining the data," Johnson said. "Given the datamining is being conducted on an issue by issue, and not on a make and model year basis, it is possible that GM may issue further recalls for vehicles which have already been recalled," he added.

Related: GM's recall nightmare

GM has issued more recalls this year than ever before. There have been 29 separate recalls covering 13.8 million U.S. cars and trucks, and 15.8 million vehicles worldwide.

In fact, General Motors has already recalled more cars and trucks in the U.S. this year than it has sold here in the five years since it filed for bankruptcy.

Related: GM to lawmakers: We're working on it

Barclay's Johnson also said that GM management - despite recall headlines - thinks that the pace of sales in the U.S. appears unaffected.

First Published: May 22, 2014: 6:17 PM ET

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