Hot wheels: Vehicle theft in third year of decline; vehicle stolen every 26.4 seconds

Tuesday, October 9th, 2007 Auto

In 2006, 1,192,809 motor vehicles were reported stolen which is 42,417 fewer than in 2005. Using the FBI’s average valuation of $6,649 per stolen vehicle, this amounts to over $7.9 billion in losses in 2006 -- just in vehicle value alone. "The decrease in vehicle thefts is certainly welcome news to law enforcement, the insurance industry, and vehicle owners nationwide," said Robert M. Bryant, the National Insurance Crime Bureau’s president and CEO.

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http://www.namic.org/topnews/071008st3.asp

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