Nobody will steal your crappy ass Honda Civic or your sorry ass Moped to ship it overseas. This is fear mongering to sell you a tracking device to keep tags on you. If you can afford a Luxury car that means that you have plenty money to get yourself another one after the Insurace paid for it. So who is the looser? The Insurance company but they want to keep tags on you too; just to keep you safe.
Jan. 7, 2014, 5:00 a.m. EST
Car thieves targeting luxury cars, shipping them overseas
If you thought that modern cars were practically unstealable by now, with all the laser keys and GPS, it turns out there is still plenty of business for LoJack, the company which builds tiny, hard-to-detect radio transmitters for locating stolen cars. Just this year, LoJack helped uncover a ring of car thieves that was stealing luxury cars in Canada and bringing them across the border into the U.S., driving them to the ports of Baltimore and Newark, and putting them on cargo ships bound for Africa.
A total of 89 vehicles were recovered through an investigation conducted by U.S. and Canadian authorities, who had used LoJack transmitters to snare the thieves. The takedown of the car-theft ring resulted in $3.2 million worth of recovered cars and the arrest of 16 suspects. This high-profile bust is representative of the way luxury car-theft rings operate: by stealing cars in nonviolent ways and quickly transporting them across state lines to a central collection point not too far from a port.
The use of LoJack transmitters isn’t confined to cars, either: Police in Palermo, Italy, were able to locate a stolen Honda SH scooter in a van that was parked right in the center of town. When the police removed the padlock on the van, inside they found not only the stolen Honda scooter, but 12 other scooters.
In another incident, an Audi S8 was driven off the lot of a California dealership after a suspect made a down payment of $18,000 on the car using a forged check. The dealership tried to identify the suspect using the credit application he provided, but it was all fabricated, as well. After notifying authorities, an East Bay Parks Police Air 1 helicopter picked up the Audi’s LoJack signal, and a California Highway Patrol unit caught up with the suspect.
The story “LoJack helps US and Canadian authorities bust car-theft ring” originally appeared on Autoweek.com