LoJack Releases Seventh Annual Vehicle Theft Recovery Report

CANTON, MA and IRVINE, CA--(Marketwired - May 18, 2016) - LoJack, a wholly-owned subsidiary of CalAmp (NASDAQ: CAMP) and a leader in vehicle theft recovery and advanced fleet management solutions, announced today that law enforcement officials recovered more than $112 million in stolen vehicles equipped with the LoJack® Stolen Vehicle Recovery System in 2015.*

LoJack's seventh annual "Vehicle Theft Recovery Report" and infographic (click to download) highlights a concerning issue that thieves continue to target more expensive vehicles, with values over $30,000. These vehicles are an inseparable part of their owners' lives, and increasingly are also a repository of personal property and information that thieves can use for other crimes of opportunity. The era of the "Connected Vehicle Thief" continues to emerge.

According to LoJack's Vehicle Theft Recovery Report:

• The average value of vehicles recovered in 2015 was $10,287
  
  
• The top vehicle models over $30,000 recovered in 2015 included:
  • Land Rover Range Rover
  • Ford F-Series
  • BMW X-Series
  • Chevy Camaro
  • Audi Q-Series
    
    
• For the seventh consecutive year, California, Texas and Florida ranked as the top three states respectively for LoJack system-equipped stolen and recovered vehicles
  
  
• The following were the top 10 most stolen and recovered LoJack system-equipped vehicle models in 2015:
  1. Honda Civic 
  2. Honda Accord 
  3. Toyota Camry 
  4. Toyota Corolla 
  5. Acura Integra 
  6. Nissan Altima
  7. Ford F250
  8. Ford F150
  9. Nissan Maxima
  10. Chevy Tahoe

FBI data from the 2015 Preliminary Semiannual Crime Statistics Report show that the number of stolen vehicles increased in the first half of 2015 compared to 2014. In addition, the National Insurance Crime Bureau has recently warned about certain types of complex vehicle thefts, including the use of mystery devices to unlock vehicles and vehicle cloning.

Today's modern vehicle thieves are increasingly part of large, organized crime rings that have an incentive to target higher value vehicles which can be cut up for parts, re-sold, or even shipped to overseas black markets for a substantial profit. Traditional vehicle theft tactics have been supplemented with more complex schemes such as acquiring and copying smart keys and using stolen credit reports and false identities to illegally finance vehicles.