Each vehicle amounts to an average $6,505 loss to the consumer.
Los Angeles, CA (PRWEB) April 09, 2013
Every 40 seconds, a car in stolen in the United States.
In 2009, there were an estimated 794,616 motor vehicle thefts nationwide creating a total loss of $5.2 billion. Each vehicle amounts to an average $6,505 loss to the consumer.
To illustrate this further, loans.org created an infographic with varying facts about auto theft in the United States including the top 10 states for auto thefts and the most popular type of stolen vehicles.
For instance, California, Texas, and Florida were the top three states respectively with the most auto thefts in 2010.
Of all the vehicles stolen, Toyota's Camry, Solara, and Corolla topped the charts.
But not every auto heist is well-planned.
For entertainment value, loans.org compiled a list of auto heists, ranging from petty crimes, such as the video game enthusiast who was found playing Grand Theft Auto after stealing a vehicle, to large multi-million-dollar operations, such as an international heist involving fraudulent car titles.
Fortunately for auto loan borrowers, there’s a safety net called GAP insurance. GAP insurance covers a victim’s auto loan payments when their vehicle is stolen.
For the full article and infographic, please visit http://loans.org/auto/infographics/not-so-grand-car-thefts.
Additional infographics about the lending industry are available at http://loans.org/infographics.
loans.org is a leading lending authority website that covers financial news, produces informative articles, and answers frequently asked questions. In addition to providing lending-related information, loans.org also hosts a variety of free online application forms for prospective borrowers to use when applying for loans.