Cadillac Escalade Tops Most Stolen List
A new study by the Highway Loss Data Institute (HLDI) shows the Cadillac Escalade as the most stolen vehicle.
The study, which looked at insurance claims from the top 80% of insurance companies from the model years 2008 through 2010, showed the SUV was six times more likely to be stolen or broken into than the average vehicle, and its overall theft losses more than 10 times as large.
Matt Moore, a vice president at the institute told the Associated Press (AP) that, “It’s so wildly popular as far as pop culture goes. Watching the TV you see professional athletes coming in and out of them and other celebrities too. It’s a status symbol.”
General Motors, according to the AP, is improving on its antitheft devices making the Escalade harder to steal. The Escalade currently includes a system that makes helps prevent the SUV from being hot-wired, and a steering column lock that makes the vehicle harder to push away or load onto a flatbed truck.
Additionally, GM is adding sensors that detect when the vehicle is being jacked up and windows are being broken, a new wheel lock system and an improved steering column lock.
According to the study, the majority of the top ten stolen vehicles are trucks.
According to the AP, Moore thinks that many of the pickup theft claims resulted from equipment or other items being stolen from the bed of the trucks while they were parked. It is extremely easy for a thief to peek into the bed of a pickup and walk off with items left in the bed.
The top stolen car, the Chrysler 300, ranked number 6 and the Chrysler 300 Hemi, the only other car in the top 10, rounded out the list at number 10, according to the study.
The vehicle with the lowest claim rates was the Audi A6 4WD, but it had the highest average losses per claim at $16,882, compared to the Escalade’s $10,555 average losses per claim.
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