There are many factors to consider when purchasing a new vehicle. Many will consider the price, safety rating, size, gas consumption or even the annual cost of insurance.
What many may need to consider is the risk of theft. In Canada, a $1 billion auto theft problem continues to grow. Of that money, insurance pays out approximately $542 million in claims.
While there is a wide variety of reasons why a vehicle is stolen, avoiding purchasing any of these vehicles isn’t what we suggest.
We have gathered a list of the top 10 stolen cars in Canada:
1. Honda CRV
2. Lexus RX series
3. Ford F150 Series
4. Honda Civic (2016-21)
5. Toyota Highlander (2013-19)
6. Ram 1500 Series (2011-18)
7. Chevrolet/GMC Silverado/Sierra 1500 (1999-2006)
8. Honda Accord (2018-21)
9. Jeep Grand Cherokee (2011-20)
10. Toyota RAV4 (2013-18)
One of the leading trends in auto theft trends is Bypassing keyless entry.
“Équité’s latest analysis highlights the following trends in vehicle thefts: all high-end vehicles, regardless of manufacturer, are targets, including pick-up trucks, SUVs, and luxury cars,” the group noted. “Thieves continue to exploit technology through relay attacks and connecting to the on-board diagnostic port, which enables them to reprogram key fobs.