LoJack reveals 2007 top recoveries of stolen motorcycles
LoJack Press Release - Feb 10, 2008
 
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LoJack Corporation unveiled its annual wrap-up of the year’s top recoveries for 2007 involving the LoJack For Motorcycles recovery system. These stories underscore that organized crime rings continue to fuel the growing problem of motorcycle theft. The most recent figures from the National Insurance Crime Bureau indicate that motorcycle theft has jumped a full 137 percent since the year 2000. The recovery stories of 2007 also revealed that today’s thieves continue to leverage newer mediums – such as the Internet – to sell stolen parts and make a profit from this lucrative crime.
“Once again, this year’s best recovery stories highlight that sophisticated crime rings are often behind motorcycle theft and that owners need to do everything possible to protect their bikes,” said Ronald V. Waters, LoJack’s President and COO. “Today’s owners need to be vigilant not only about where they park their motorcycles and how they protect them, but also from what sources they are buying parts and accessories, as evidenced by the growing number of thieves who are selling stolen parts online. We’re proud that the LoJack System has been so instrumental this year in helping police bust chop shops and theft rings across the country and apprehend the criminals behind this crime.”
LoJack’s top motorcycle recoveries for 2007:
- “Biggest Single Chop Shop Recovery” – One LoJack-equipped Suzuki GSXR600 led Orlando, FL area police and auto theft investigators to discover a chop shop with 11 other non-LoJack equipped motorcycles, 8 motorcycle frames, multiple motorcycle parts and tools, with a total value of $200,000.
- “Fastest Motorcycle Recovery” – In this recovery, a Yamaha YZF750 was stolen from a locked garage in a gated community outside Denver, CO. Fortunately, the owners also equipped the bike with LoJack and area police were able to find the bike only SIX minutes after system activation.
- “Best Bust Reflecting the Trend of Selling Stolen Parts Online” – In this recovery, a LoJack-equipped Suzuki GSX600 led Chicago area police to a chop shop with not only multiple stolen motorcycles and engines, but also hundreds of stolen motorcycle parts – all readied to be sold online. Officers discovered that the thieves had more than 200 transactions of selling stolen parts online in the previous six months.
- “Best Recovery From a Bike Rally” – In this recovery, the owner of a Suzuki GSXR1000 had his bike stolen from a rally in North Myrtle Beach, SC. Fortunately, he equipped the bike with LoJack and area police not only recovered his bike within mere hours of system activation, but also found multiple other stolen motorcycles.
- “Best Recovery Showcasing Strength of RF Technology” – A stolen LoJack equipped Yamaha motorcycle led police in Fort Worth, TX to the bike’s location in a metal building. Thanks to LoJack’s Radio Frequency technology – which operates even if the stolen asset is in a steel container, under dense foliage or in a concrete building -- the bike was recovered in only 12 minutes after system activation. This recovery also uncovered a chop shop with other stolen bikes.
Motorcycle Theft
National Insurance Crime Bureau Statistics indicate that; over 70,000 motorcycles were reported stolen in 2005 representing a loss of over $434 million; motorcycle theft increased nearly 135% from 2000 to 2005; in the U.S., one motorcycle is stolen every 7.5 minutes; and typical recovery rate of motorcycles is only 25-30%.
For 2005, the ten states with the highest motorcycle theft rates are: California (9,110), Florida (6,324) , Texas (5,755), North Carolina (3,053), Ohio (2,573), Arizona (2,464), New York (2,195), Indiana (2,186), Georgia (2,159), and Pennsylvania (2,021).
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About LoJack Corporation
LoJack Corporation, the company that invented the stolen vehicle recovery market two decades ago, is the undisputed global leader in recovering valuable mobile assets. The company’s time-tested system is optimized for recovering stolen mobile assets through its proven Radio Frequency technology and unique integration with law enforcement agencies in the United States that use LoJack's in-vehicle tracking equipment to recover cars, trucks, commercial vehicles, construction equipment and motorcycles. The company’s Stolen Vehicle Recovery System delivers a 90 percent success rate for cars and trucks and has helped recover more than $4 billion in stolen LoJack-equipped assets worldwide. Today LoJack operates in 26 states and the District of Columbia, and in more than 30 countries throughout North America, South America, Europe, Africa and Asia.
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Article Comments
3/4/2008 2:12 AM
Expensive but well worth it...however I was told that professional thieves can shock the bike with high current voltage and fry any electronic security devices, is this true?
Expensive but well worth it...however I was told that professional thieves can shock the bike with high current voltage and fry any electronic security devices, is this true?
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