According to the Highway Loss Data Institute the first place in vehicle thefts has been taken by a Ford pickup truck.

Since 2003 GM’s Cadillac Escalade was the most targeted model by car thieves, but last year Ford’s F-250 heavy-duty pickup is the no.1 among the most-stolen new vehicles in the US, according to the Highway Loss Data Institute. In 2012 auto thefts in the US have increased after eight consecutive years of declines, up 1.3% from 715,373 in 2011.

“General Motors has put a lot of effort into new antitheft technology, so that may help explain the decline in the Escalade’s theft rate,” Matt Moore, vice president of the Highway Loss Data Institute, said in an e-mailed statement. “On the other hand, sales of the Escalade have fallen in recent years, so there may be less of a market for stolen Escalades or Escalade parts.”

The institute relies its study on the number of insured vehicles of each model on the road. This report is based on model years 2010 to 2012 and shows that the claim frequency for the F-250 crew-cab pickups has been 7 per 1,000 insured vehicles, which means an average loss payment per claim of $7,060. The Escalade, which was on the first place, now fell on the sixth, with a claim frequency of 5 1/2 per 1,000 vehicles.

GM has installed sensors and steering column locks which set off an alarm when the Escalade’s position is changed , which means that the vehicle cannot be stolen by being towed away on flatbed trucks. The first five models among the most popular auto thefts in the US are: Ford’s F-250 heavy-duty pickup, GM’s Chevrolet Silverado 1500 pickup, Chevrolet Avalanche 1500 pickup, GMC Sierra 1500 pickup and Ford’s F-350 pickup.

Source: Bloomberg


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