According to Carfax, more than 57 million recalled vehicles—greater than one out of every five vehicles in the U.S.—are currently in use across the country.

Hundreds of scholarships will be awarded from the University of the Aftermarket Foundation, including $100,000 specifically earmarked for industry employees and family members.

Automotive recalls account for over 70 percent of the value of all losses analyzed, which is unsurprising given recent record levels of activity in both the US and Europe.