Posted Sep 19th 2012 11:30AM
There are plenty of lists on which consumers love to see their vehicles, but the Insurance Bureau of Canada's (IBC) Most Stolen Cars is not one of them.
Contrary to what most consumers think, many of the most frequently stolen vehicles in Canada are actually showing up in the local market and not necessarily being exported out of Canada. In these cases, the vehicles are often re-sold to unsuspecting consumers.
"We're doing a good job of stopping stolen vehicles at the ports. Our data indicate that we are not seeing many of these vehicles there. We have to conclude that stolen vehicles are being re-sold locally. But because the stolen vehicles are in these local markets, buyers need to be careful," said Rick Dubin, Vice-President, Investigative Services, IBC.
Dubin added, "Consumers need to be aware when they're in the market for used vehicles or parts... Those luxury, high-end vehicles may be hotter than you think."
The good news is that statistics show that the number of stolen vehicles in Canada (approximately 93,000 in 2010) was down 15% from the previous year. The bad news is that recovery rates for stolen vehicles are continuing to decline. That supports the notion of the involvement of organized crime, as high-end vehicles are often targeted by criminals that strip them for parts or re-sell them to Canadian consumers.
To protect yourself from having your vehicle stolen, the experts recommend using common sense when parking your car and equipping your vehicle with an alarm and immobilizing device. Vigilance and public awareness are also important a major way to curb car theft.
Click here to view the full list of the Top 5 Most Frequently Stolen Vehicles in Canada. Did your car make the list? Watch this video to find out how to check if you're buying a stolen car.
News Source: Insurance Bureau of Canada