File auto theft drove insurance coverage claims to document $1.2 billion final yr
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The speed of auto theft has risen to a document excessive previously yr, however drivers can decrease their possibilities of falling sufferer relying on what sort of automobile they drive, one trade group says.
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The Honda CR-V SUV is the most stolen vehicle in Canada for a second-straight yr, in accordance with Équité Affiliation, a non-profit centered on eliminating insurance coverage crime for the property and casualty insurance coverage trade. Rounding out the highest three is the 2022 Dodge Ram 1500 sequence truck and the 2020 Ford F150 sequence truck.
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In the meantime, the highest three autos least more likely to be stolen are the Chevrolet Volt, the Kia Nino SDR and the Cadillac XTS.
Auto theft skyrocketed to new heights in 2022, rising 48 per cent in Ontario and 50 per cent in Quebec from the earlier yr, Équité Affiliation mentioned. Thefts additionally rose in Alberta, up 18.3 per cent, and in Atlantic Canada, rising 34.5 per cent from the prior yr.
These document charges of theft additionally drove document insurance coverage claims, with the trade paying out $1.2 billion in claims final yr, the affiliation mentioned.
It’s an issue unlikely to get higher any time quickly, with organized crime making Canada a prime vacation spot for auto theft, and criminals happening to make use of the proceeds to fund drug trafficking and terrorism, in accordance with Équité.
“The auto theft problem in our country is getting worse,” Bryan Gast, vice chairman of Investigative Providers on the affiliation, mentioned in a launch. “Organized crime continues to look to Canada as a source nation for stolen vehicles where the financial reward is high and the risk of prosecution is low.”
Nonetheless, drivers can take steps to forestall theft, and realizing which automobiles get focused most can show useful, particularly for these folks trying to purchase a brand new car. Homeowners may decrease their threat of theft by guaranteeing their automobile doorways are stored locked and home windows closed, by investing in alarms or different theft-prevention programs, resembling steering wheel locks, or by putting in a monitoring gadget.
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Equité is asking on the auto trade, authorities and regulation enforcement to work collectively to forestall theft. “Canadians expect to see a collaborative approach to combatting this urgent and continuing national auto theft crisis,” Terri O’Brien, chief government of Équité Affiliation, mentioned.
Right here is the total checklist of the highest 10 most stolen autos in 2022, by make and mannequin:
1. 2020 Honda CR-V
2. 2022 Dodge Ram 1500 sequence
3. 2020 Ford F150 sequence
4. 2020 Lexus RX sequence
5. 2021 Toyota Highlander
6. 2019 Honda Civic
7. 2021 Jeep Grand Cherokee
8. 2020 Land Rover Vary Rover
9. 2006 Chevrolet/GMC Silverado/Sierra 1500 sequence
10. 2021 Jeep Wrangler
And listed here are the ten autos that have been least more likely to be stolen final yr:
1. Chevrolet Volt
2. Kia Niro 5DR
3. Cadillac XT5
4. Buick Envision
5. Mini Cooper Countryman
6. Volvo XC90
7. Volkswagen Beetle
8. Chevrolet Corvette
9. Hyundai Ioniq
10. Mazda Mazda2
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United States inflation broadly slowed in October, an encouraging signal of progress for the U.S. Federal Reserve within the lengthy path to taming value pressures.
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The core shopper value index, which excludes meals and vitality prices, elevated 0.2 per cent from September, Bureau of Labor Statistics information confirmed Tuesday. Economists favour the core gauge as a greater indicator of underlying inflation than the general CPI. That measure stalled, restrained by cheaper gasoline.
Shelter costs, which make up a few third of the general CPI index, climbed 0.3 per cent, half the prior month’s tempo. Economists see a sustained moderation on this class as key to deliver core inflation right down to the Fed’s goal. A key measure of hire in addition to lodge stays stepped down.
Excluding housing and vitality, companies costs climbed 0.2 per cent from September and three.7 per cent from a yr in the past — the bottom in practically two years — in accordance with Bloomberg calculations.
- Ghislain Houle, chief finance officer of Canadian Nationwide Railway Co. and Patrick Whitehead, incoming chief networking operation officer on the railroad, will deal with the Scotiabank Transportation and Industrials Convention in Toronto.
- Innovation Minister François-Philippe Champagne and Daniel Breton, chief government of Electrical Mobility Canada, will focus on the federal government’s motion to extend zero-emission car manufacturing and adoption on the Electrical Mobility Canada convention in Edmonton.
- At this time’s information: Canadian manufacturing gross sales and orders, wholesale commerce, new motorized vehicle gross sales, present house gross sales; U.S. retail gross sales, producer value index, Empire State manufacturing survey
- Earnings: Loblaw Cos. Ltd., Metro Inc., Oracle Corp., Cisco Inc.
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At this time’s Posthaste was written by Victoria Wells, with further reporting from Monetary Put up workers, The Canadian Press and Bloomberg.
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