Skip navigation

Summer is prime time for car thieves

1.2 million vehicles — worth $7.6 billion — are ripped off each year

  ConsumerMan

Send Herb Weisbaum an e-mail and he may answer your issue in his upcoming column on msnbc.com.

Send an e-mail | ConsumerMan home

By Herb Weisbaum
msnbc.com contributor
updated 6:10 p.m. ET July 18, 2007

Herb Weisbaum

E-mail

Vehicle theft is a huge problem in this country. Despite a variety of improved anti-theft devices, more than 1.2 million cars and trucks – worth more than $7.6 billion – are stolen each year. That means a car, SUV, or light truck is stolen every 25.5 seconds, according to the 2005 data (the last year for which figures are available).

Summertime is prime time for car thieves. According to the National Insurance Crime Bureau vehicle thefts soar in July and August.

If your car is stolen, there is about a 60 percent chance it will be recovered – although it could be missing a lot of parts. Tracking devices, such as OnStar and LoJack don’t prevent thefts, but they do help police locate the vehicle once it’s gone.

NOTE: In the time it took you to read to this point in my column, another vehicle was snatched somewhere in the country.

Story continues below ↓
advertisement | your ad here

And let’s not forget motorcycles. As bikes have grown in popularity, thefts have skyrocketed, up 135 percent from 2000 to 2005. NICB says more than 70,000 motorcycles were stolen in 2005 for a loss of more than $400 million.  

For motorcycles, the recovery rate is only 25 to 30 percent. NICB says that’s because it’s so easy for the thief to alter, reuse or camouflage stolen bike parts and frames.

Who is doing this?
It is easy to assume that the thieves are teenagers, just wanting to take a joy ride. And that does happen. But the NICB says most of the heists are done by professionals, members of organized crime rings.

Some stolen vehicles are sold to unsuspecting buyers. Others are sold outside the country. Most are stolen to be torn apart for parts.

“You can steal a motor vehicle and bring it to a chop shop that can dismantle it in about 30 minutes,” says Richard Murphy, a senior special agent with the NICB. Those parts are worth three to four times as much as the vehicle.

That’s why professional thieves target older model Hondas and Toyotas. There are so many of them on the road, there’s a big demand for replacement parts.

Let’s not blame the victim, but …
“The motoring pubic has some bad habits that make them easy targets,” Murphy says, “because they don’t think anything will happen to them.”

A new survey done for the NICB and LoJack shows just how careless we have become.

One-third of the drivers questioned say they have left their car running while unattended. More than a third (38 percent) say they don’t always hide valuables when they park the car. 

And the things they leave in plain sight – mail, a wallet or purse, and bank statements – are just what a thief wants; especially one looking for personal information to commit identity theft.


Sponsored links

Scottrade: Trade Stocks
Open an Account Online Today! $7 Trades & Powerful Trading Tools.
www.scottrade.com

Resource guide