Used Cars vs. Rising Car Thefts

Used Cars vs. Rising Car Thefts

Rising Vehicles Thefts: the Pragmatic Choice for Used Cars Buyers

Car thefts are rising in Ontario and Quebec. Think twice before buying a new car; technology challenges thieves, but determined criminals persist. In the U.S., car thefts hit 1,001,967 incidents in 2022-23, per NICB. To put that in perspective, a car was stolen every 32 seconds. That’s nearly three thefts for every 1,000 residents. The numbers are concerning, and we’ll explore why buying a used car might be a safer bet in these challenging times.

The Most Stolen Cars in the US in 2023

As we delve deeper into the world of car theft, it’s essential to recognize the cars that thieves find most enticing. Topping the list as the most commonly stolen car in the U.S. during the 2022-23 period is the full-size Chevrolet, with approximately 49,903 thefts. Other vehicles that found their way into the top 10 list of most-stolen new cars include the Hyundai Elantra, Hyundai Sonata, and Kia Optima. The financial toll of these thefts amounted to a staggering $8.9 billion in total losses, averaging about $8,883 per incident.

The list of most stolen cars in the US for 2023 includes:

  • Chevrolet Pickup
  • Ford Pickup
  • Honda Civic
  • Honda Accord
  • Hyundai Sonata
  • Hyundai Elantra
  • Kia Optima
  • Toyota Camry
  • GMC Pickup
  • Honda CR-V

Car Thefts: the Alarming Situation in Canada

Canada is not immune to the rising threat of car theft. In 2022-23, Équité Association recognized Canada as a country with a growing market for exporting stolen cars. Surprisingly, thieves stole about 88,000 cars in Canada, with many reaching Africa and the Middle East. Rates of victimization in Quebec and Ontario were up to 50% higher, and Atlantic Canada experienced a troubling 34% increase in car thefts.

What adds to the concern is how thieves are moving these stolen vehicles. They sell many cars, with their Canadian registration documents intact, through various online channels. The prices were often similar to those in the official market. According to the Canadian Finance and Leasing Association (CFLA), Toronto alone saw about 10,000 vehicle thefts in 2022.

Staying Informed and Safe

While these statistics may raise concerns, there are precautions you can take to protect your investment and safety. Here are some essential steps to avoid becoming a victim of auto theft:

  • Keep your keyless entry fob secure and away from your vehicle or the front entrance of your home. Faraday boxes or bags can block the fob’s signal from being intercepted by thieves.
  • Install an Electronic Immobilizer: An electronic vehicle immobilizer can deter thieves from attempting to hot-wire your vehicle.
  • Equipping your vehicle with a tracking device that emits a signal to law enforcement can help in locating your vehicle in case of theft.
  • Park Wisely: Reduce the risk of auto theft by parking your vehicle in well-lit areas or a secure garage. Always ensure that all windows are closed and doors are locked.
  • Display visible or audible deterrents that signal to potential thieves that your vehicle is protected. Never leave your car running unattended.
  • Additional Security Measures: Consider using a steering wheel or brake pedal lock for added security.

Buy a Used Car in Toronto, Ontario – Fight the Car Thefts

Considering the rising threat of car theft, it’s no wonder that more and more residents of Ontario and Quebec are turning to used cars. Buying a used car not only offers a cost-effective solution but also reduces the risk of falling prey to car thieves. Statistics show that car theft occurs every 6 minutes, costing owners more than $1 billion annually in added insurance premiums.

When it comes to used cars, many modern models still offer advanced security features, and the risk of theft is generally lower. Plus, buying a used car often means a smaller financial investment, which can be particularly appealing given the challenging economic times.

Your safety is our business, and we’re here to help you make the right choice.

At Drive Today Cars, your safety and peace of mind are our top priorities. If you have any questions or concerns about car theft, vehicle security, or used cars in Toronto, don’t hesitate to reach out. We are a certified auto dealer located in Toronto, Ontario, and our used car dealerships provide a wide range of options for buyers. Our business model emphasizes transparency and convenience for customers, making us a fascinating part of the automotive world.

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If you have any questions, don’t hesitate to call us or visit our dealership. Used cars have their own stories, quirks, and unique qualities, making them a fascinating segment of the automotive industry. Whether you’re a budget-conscious buyer, a collector, or a hobbyist, there’s something for everyone in the world of used cars. We are committed to a customer-centric focus, prioritizing customer satisfaction by offering excellent customer service and standing behind the vehicles we sell at Drive Today Cars.
Check out Drive Today Cars inventory page: https://drivetodaycars.com/cars/
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