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IBC reveals the latest trends in auto theft

Electronic auto theft, high-end vehicles stolen for shipment overseas, and street racing: are the top 3 emerging trends coming out of Insurance Bureau of Canada’s (IBC) list of Top 10 stolen vehicles in 2020.

The first emerging trend from their survey shows that electronic auto theft is on the rise across the country, as more vehicles are equipped with technology like keyless entry remotes, according to Bryan Gast, national director of investigative services with IBC. Gast noted that auto thieves can use a wireless transmitter device to capture the signal between a key fob and vehicle and then use that information to unlock and steal a vehicle.

Another trend involves stolen vehicles that are being used to commit other criminal offences, such as armed robberies, while others are being stripped for parts, netting the criminal a lot of money.

A third emerging trend, especially during the COVID-19 pandemic, is the rise of dangerous activities such as street racing and illegal gatherings for “drifting” events, IBC reported. Drifting describes a driving technique in which the driver intentionally oversteers a car, and then countersteers to regain control of the car. Such racing events are providing a market for stolen small, speedy vehicles.

For IBC’s 2020 Top 10 stolen vehicles in Canada, the 2018 Honda CR-V (4DR AWD) SUV tops the list. And there are major differences across the country in which vehicles are stolen.

For example, in Alberta, Ford F-series and Dodge Ram trucks are the most popular vehicles to steal. In Ontario, Lexus and Honda vehicles dominate the list. Some were stolen for export by organized crime groups, while others have been identified in street racing rings. In Atlantic Canada, the Chevrolet Silverado is the most-stolen vehicle. Typically, vehicles like this are targets for export to foreign countries

To review the full list, visit:

https://www.canadianunderwriter.ca/insurance/ibc-reveals-the-latest-trends-in-auto-theft-1004200998/