CANTON, Mass., May 21, 2015 /PRNewswire/ -- LoJack Corporation (NASDAQ: LOJN) announced today that law enforcement officials recovered more than $83.5 million in stolen vehicles equipped with the LoJack® Stolen Vehicle Recovery System in 2014.* Released today, LoJack's sixth annual Vehicle Theft Recovery Report**, infographic (click to download) and slideshow (click to download) reviews auto theft trends over the past year based on vehicles equipped with the LoJack® Stolen Vehicle Recovery System.
Highlights detailed in the LoJack's sixth annual Vehicle Theft Recovery Report include:
The Honda Civic ranked as the most stolen and recovered vehicle equipped with a LoJack® System
The average value of vehicles recovered by law enforcement is more than $10,000
For the sixth consecutive year, California, Texas and Florida continue to top the list as the top three states respectively with the most LoJack system-equipped stolen and recovered vehicles
Oregon, Washington D.C., Maryland, South Carolina and Oklahoma, all new to the 2014 report, experienced significant increases in the number of LoJack System-equipped stolen and recovered vehicles
The following were the top 10 most stolen and recovered LoJack system-equipped vehicle models in 2014:
Ford F250 Pickup
BMW 3 Series
"Auto theft techniques have changed in recent years, with thieves becoming more sophisticated and targeted in their approach, and in fact according to the FBI***, billions of dollars were lost as a result of auto theft in 2013," said Pat Clancy, Vice President of Law Enforcement for LoJack Corporation. "The good news is that as thieves get smarter, so do the good guys. In 2014, law enforcement officials across the country recovered more than 90 percent of all cars, trucks and SUVs equipped with the LoJack System. That includes the recovery of more than $83.5 million in stolen vehicles, once again proving that the LoJack System is an effective tool in combating vehicle theft."
Additional noteworthy findings of the 2014 LoJack Vehicle Theft Recovery Report include:
Top 10 Geographies with the Highest Thefts and Recoveries in 2014:
Top 5 Areas with Increases in Stolen and Recovered Vehicles in 2014:
Oregon (47.46% increase)
Washington D.C. (32.43% increase)
Maryland (18.90% increase)
South Carolina (18.52% increase)
Oklahoma (15.22% increase)
First Recovery of the Year: 2014 Toyota Camry on January 1st at 1:17 a.m.
Last Recovery of the Year: 2010 Honda Civic Ex on December 31st at 10:09 p.m.
Oldest Vehicle Stolen and Recovered: 1965 Chevy Corvair
Most Expensive Vehicle Stolen and Recovered: 2013 Range Rover valued at $102,900
An 88% increase in Hybrids stolen and recovered from 2013 to 2014
Most Common Color Stolen and Recovered: Black, White, Gray, Silver, Blue (respectively)
About the Report The 2014 LoJack Vehicle Theft Recovery Report is gathered from data provided by 28 states via Nlets as well as California law enforcement, and is specific to stolen cars, trucks and SUVs equipped with the LoJack® Stolen Vehicle Recovery System that were recovered between January and December 2014.
About LoJack Corporation LoJack Corporation, the company that has helped more than nine million people protect their vehicles in the event of theft over the past 25+ years, today provides safety, security and protection for an ever-growing range of valuable assets and people. Leveraging its core strengths, including its well-known brand, direct integration with law enforcement and dealer distribution network, LoJack Corporation is expanding our business to include our traditional vehicle and equipment theft recovery, people at risk and new telematics based products and services. LoJack is delivering new telematics-based solutions for on-road and off-road fleet management, as well as, dealer inventory management. By expanding our brand beyond stolen vehicle recovery, LoJack Corporation is committed to creating a new level of value for its dealer, licensee, customer and investor communities by delivering innovative offerings and multiple technologies in expanding geographies.
*All recovery data is derived from both 2014 LoJack Recovery Data taken from internal sources. Used car values are best estimates derived from NADA Guide web services values and clean retail value from NADAGuides.com for the make, model and year of the vehicle in the month that it was recovered.
**The 2014 LoJack Vehicle Theft Recovery Report is gathered from data provided by 28 states via Nlets as well as California law enforcement, and is specific to stolen cars, trucks and SUVs equipped with a LoJack® Stolen Vehicle Recovery System that were recovered from January to December 2014.