Car Thefts Decline but Still Alarming Problem


New York Times - July 8, 2010

Situation
FBI estimates more than $6.4B was lost in motor vehicle thefts in 2008
Car theft rate has steadily declined for 5 years, dropping 17% in 2009 from 2008
1 car still stolen every 33 seconds according to National Insurance Crime Bureau
43% of stolen vehicles were never found last year, worst national recovery rate in 20 years
Significant Points
Some anti-theft systems are better than others as thieves improve skills
Tracking technology acts as deterrent and improves chances of recovery
Thieves may get 2 days to disable system before police report filed and OnStar tracking occurs to disable vehicle
LoJack, Escort and Blackline GPS conceal their tracking devices but can't disable vehicle