LoJack Reports Motorcycle Theft Trends for First Six Months of 2006
LoJack-Equipped Stolen Motorcycles Lead Police to Discover 37 Theft Rings; Arrest 12
WESTWOOD, Mass., July 25 -- LoJack Corporation , the leading provider of tracking and recovery systems for stolen mobile assets, today announced that stolen motorcycles equipped with the LoJack For Motorcycles recovery system have led police to uncover 37 motorcycle theft rings and arrest 12 criminals in the first six months of 2006.
Echoing the growing problem of bike theft are statistics from the National Insurance Crime Bureau released earlier this week, which indicated that more than 70,000 motorcycles were stolen in 2005, representing a loss of more than $430 million to consumers and insurance companies. While theft statistics for 2005 were relatively flat when compared with 2004, the jump in bike theft is dramatic over the past five years, climbing from approximately 30,000 in 2000 to more than 70,000 in 2005 -- nearly a 135 percent increase.
"Today, one bike is stolen every 7.5 minutes in this country, which is an alarming number for anyone who owns a motorcycle," said Richard T. Riley, LoJack Corporation's President and COO. "The growing popularity of bike riding is fueling bike theft, making it essential for bike owners to do everything possible to protect their vehicles from theft. The bottom line is that if today's professional thieves want your bike, they'll find a way to take it, which is why we believe recovery systems are such an important piece of the theft protection equation."
How Professional Thieves Work; Growing Trend of Using Vans to Steal Bikes
Motorcycle theft is a big business opportunity for professional thieves and many have a very systematic approach to making this crime pay off. One trend that LoJack's reports revealed thus far in 2006 is the use of vans (often stolen vans) to steal bikes. Vans provide a quick and easy way to conceal the stolen bike and ride off with it to a more discrete location.
Once thieves have the bike in their possession, they often strip it down for parts (eliminating those with identification numbers so the bike can't be traced back to the owner), and then resell the remaining parts or reuse them to build other bikes. They often build very pricey custom bikes that are actually made from stolen parts and aftermarket parts, and then sell them to unsuspecting buyers. Thieves may also sell the stolen bike whole, typically with altered identification numbers, making the bike just about impossible to trace back to its owner. Some are in the "exporting" business, in which they sell bikes or parts overseas that are almost never recovered. Unfortunately, many of these professional criminals excel at their job and can find a way to steal just about any bike they want. And, the more lavish the bike, the more desirable it is for thieves.
LoJack Offers 'BikeSmarts' Guide to Theft Protection
In an effort to help inform bike owners of the facts about motorcycle theft and provide theft prevention tips, LoJack offers "BikeSmarts," a theft
protection guide available on LoJack's Knowledge Center for Vehicle Security at http://www.lojack.com/ (click on the Get the Facts of Vehicle Theft button).
How LoJack For Motorcycles Works
LoJack For Motorcycles features the core strengths that have made LoJack's flagship Stolen Vehicle Recovery System such a successful solution to the serious problem of vehicle theft over the past 20 years. The product is directly integrated with law enforcement agencies in LoJack markets, is based on LoJack's tried-and-true radio frequency technology, and is hidden on the bike so that thieves would not suspect the device exists and, therefore, would not attempt to find and disengage it. Taken together, these strengths have enabled LoJack to deliver highly effective, proven recovery systems over the past two decades.
About LoJack Corporation
LoJack Corporation, the company that invented the stolen vehicle recovery market, leverages its superior technology, direct connection with law enforcement and proven processes to be the undisputed global leader in tracking and recovering valuable mobile assets. The company's Stolen Vehicle Recovery System delivers a better than 90 percent success rate in tracking and recovering stolen cars and trucks and has helped recover more than $3 billion in global assets. The system is uniquely integrated into law enforcement agencies in the United States that use LoJack's in-vehicle tracking equipment to recover stolen assets, including cars, trucks, commercial vehicles, construction equipment and motorcycles. Today LoJack operates in 26 states and the District of Columbia, and in more than 27 countries throughout Europe, Africa, Latin America and Asia.