IBC names Canada’s most stolen vehicles
Published: December 2, 2015
Updated: July 24, 2018
Author: Luke Jones
CATEGORY: Car Insurance
The Insurance Bureau of Canada (IBC) has released its annual report detailing the most stolen cars in Canada, and the results are bad news for drivers of aging and large Ford trucks. Indeed, nine out of the 10 vehicles comprising the top 10 most stolen are one Ford truck or another, according to the IBC results.
The older Ford trucks are not from the driving darks ages where vehicle theft was easier, instead they have for the most part been launched since the turn of the 21st Century. The most stolen vehicle across Canada is the 2005 Ford F-350, and it seems that the F-350 is a favorite target for thieves as the 2006 and 2007 models occupy second and third place in the list respectively.
“None of the top 10 stolen vehicles are equipped with an electronic manufacturer immobilizer as a theft deterrent system, so they are easier to steal,” said Rick Dubin, vice-president of investigative services for IBC, in a statement. “We also see from this list that criminals continue to have a huge demand for AWD/4WD late model high-end vehicles.”
Cadillac breaks the unwanted Ford monopoly with the 2006 Escalade being the fourth most stolen vehicle in Canada, with the remaining six vehicles all variants of the Ford F-250s and F-350s from years between 2001 and 2007.
During 2014 the IBC says there were 73,964 vehicle thefts across Canada, which represents a hike of over a thousand compared to 2013s figures. The rise in vehicle theft represents the breaking of a trend that has saw auto thefts decline over the last decade. Ontario, with its 9.4 million drivers is the province with the most vehicle thefts and each year across the country vehicle thefts cost Canadians over $1 billion. There are also implications for auto insurance companies, which pay $542 million a year to cover stolen vehicles.
“The crooks are targeting vehicles with keys in them because they are of greater value,” he said. “Don’t leave your vehicle running unattended in your driveway or at your favorite coffee shop.”
“Crooks are trying to fool Canada Border Services Agency and IBC by dismantling high-end, late-model vehicles,” he said. “CBSA and IBC have seized 41 of these vehicles that have been dismantled …CBSA and IBC have recovered over $10 million in stolen vehicles at the ports this year alone.”