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LoJack is a stolen-vehicle recovery and IoT-connected car system that utilizes GPS and cellular technology to locate users' vehicles, view trip-history, see battery levels, track speeding, and maintain vehicle-health via a native app. Prior to selling a vehicle, LoJack dealers can use the system to manage and locate inventory, view and manage battery-health, and recover stolen inventory.
The devices are typically much more valuable to the theft's victim: "it can cost between $1,000 and $3,500 or more to replace a catalytic converter that is stolen, depending on the type of vehicle." [ 5 ] In 2022, catalytic converter thefts cost victims over $382 million.
Motor vehicle theft is the third most common property crime in the United States. ... In 2022, over 85 percent of stolen vehicles were recovered, with 34 percent recovered the same day ...
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The Federal Trade Commission includes VIN etching on a list of upsold services including extended warranties, service and maintenance plans, payment programs, guaranteed automobile or asset protection, emergency road service, and other theft protection devices, and warns consumers about the practice of upselling when buying a vehicle.
Rising car theft and comprehensive coverage. With a projected 296.6 million registered vehicles on the road by the end of 2024, it’s no wonder vehicle theft is so prevalent across the United States.
In 2021, Pierce County prosecutors charged 726 counts of theft of a motor vehicle and possession of a stolen motor vehicle. That’s a 52 percent jump from 2020 when 348 counts were filed for ...
Section 2311 of Title 18 provides the definitions for certain words and phrases used in the Act. [2] For example, "money" is defined to include not just the legal tender of the U.S. or any foreign country, but also any counterfeit; "security" receives an expansive definition that also includes, among other things, not just "any instrument commonly known as a 'security,'" but also any forged ...