LoJack For Motorcycles Leads Police to Recover More Than $1 Million in Stolen Bikes in the Month of September
Recoveries Help Police Discover 9 Theft Rings; Recover 82 Bikes; Arrest 15
Trend Emerges of Chop Shops Selling Stolen Motorcycle Parts Online
WESTWOOD, Mass., Oct. 10 -- LoJack Corporation , the leading provider of tracking and recovery systems for stolen mobile assets, today announced that in the course of only one month (September), its LoJack For Motorcycles stolen motorcycle recovery system helped law enforcement recover more than $1 million in stolen bikes and accessories. The LoJack system has enabled police to uncover a wide variety of motorcycle-focused, organized crime rings, including several that involved chop shops selling stolen bike parts online. In total, the system has led police to discover nine organized theft rings, recover 82 stolen bikes, as well as stolen vehicles, bike parts, wheels, tools and electronics, and arrest 15 suspects during the month of September.
"Now that LoJack For Motorcycles is available in 25 states nationwide, we're seeing a tremendous increase in the number of recovered motorcycles and related theft rings the system is helping police uncover across the country," said Richard T. Riley, LoJack's President and COO. "With theft rates rising at alarming levels and motorcycle riding experiencing a surge in popularity, we're pleased to provide owners with such a powerful solution that is proving to be an integral part of helping police crack down on bike theft."
Emerging Trend of Chop Shops Selling Stolen Motorcycle Parts Online In the month of September, law enforcement discovered four chop shops in which the thieves were suspected of selling stolen motorcycle parts on online.
Here are the details: * 13 Harley Davidson motorcycles recovered in a Monterey, CA chop shop -- total value of recovered items $370,000. Chop shop was involved with selling stolen parts online; two suspects were arrested. * Metric bike chop shop uncovered in Pacoima, CA that was selling stolen bike parts online. Chop shop included six stolen metric bikes, a stolen BMW 528I, and large boxes containing components for Yamaha, Honda and Kawasaki bikes, six front ends, wheels, 12 mufflers, eight gas tanks, six rear wheel assemblies, numerous tools, parts and engines. Two suspects were arrested for chop shop violations and another for selling stolen goods online. * Motorcycle chop shop in Alhambra, CA with a garage full of motorcycle frames and parts, as well as lap top computers -- all in boxes marked for sale online. Arrested one suspect and investigation in ongoing. * Sport bikes chop shop in Elgin, IL that uncovered 26 sport motorcycles, motorized racing equipment, motorcycle frames, and tools used to "chop" up the motorcycles and stolen vehicles worth nearly $260,000. Theft Rates Rise a Full 135 Percent in Past Five Years
According to motorcycle theft statistics release this past July by The National Insurance Crime Bureau, 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 -- a full 135 percent increase.
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 28 countries throughout Europe, Africa, Latin America and Asia.