Forbes (forbes.com) has recently published a list of the hottest, most stolen luxury cars on the market. These luxury cars are popular with the the luxury consumer and are also popular with auto thieves.
The Highway Loss Data Institute (HLDI) has released the information about car theft losses. They have a system of scoring losses. A score of 100 is average. the cars on this list range from 209 to 431, much higher than average, per Forbes (forbes.com)
A car is stolen every 25.5 seconds in the United States according to the National Insurance Crime Bureau. The high incidence of auto thefts makes is the costliest property crime in America. The losses, reimbursed by insurance, cost American consumers over $8.6 billion annually.
The seven vehicles on this list are not necessarily the ones the cars that are stolen in the greatest numbers. The numbers reflect the seven vehicles with “substantially worse than average” rates of claims.
Forbes quotes the HLDI terminology as, “Theft losses indicate the relative average loss payments for theft per insured vehicle year filed under comprehensive coverages. The phrase ‘relative average loss payments per insured vehicle year; refers to “the dollar total of collision or theft loss payments for claims for a group of vehicles divided by the group s’s exposure, or aggregate years the vehicles have been insured.”
The cars on the list may not have the highest amount of actual vehicles stolen, but because of their values, their losses are larger that less expensive e=vehicles
Following is the list of the seven most stolen luxury cars:
1. Cadillac Escalade EXT pickup. The Cadillac Escalade has topped the list for four years in a row. The base price of the vehicle is 55,045. The SUV has been named by Forbes as the “Best new American car”. Hot amenities include Optional rear-seat DVD player. Optional 22 inch aluminum alloy wheels which Cadillac calls “the crown jewels”.
2. BMW 7 Series long wheelbase sedan: The well built BMW has a base price of $78,900. Amenities include 10 way power adjustable, ventilated rear seats. Self-leveling rear suspension with air springs, bluetooth technology for hand’ free calling, 16 way front comfort seats and optional Nightvision system.
3. Land Rover Range Rover SUV. The base price of the Range Rover is $77,250. The hot amenities include personal telephone integration system with Bluetooth technology and ventilated front seats. The Range Rover is the classic, luxury version of the hardy Land Rover. New features include a redesigned interior and the addition of Terrain Response.
4. Lincoln Navigator four-wheel-drive SUV. The base price $46,575. The hot amenities include the heated and cooled front seats, THX II Certified audio system with 14 speakers. Other features include Power-Folding Heated Exterior Mirrors and Power Deployable Running boards/
5. Lexus GS Sedan: The Lexus has a base price of $44,150. the hot amenities include: optional gas/electric hybrid version and voice activated navigation
6. Mercedes-Benz S-Class long-wheelbase sedan. The base price is $86,525. Hot amenities include massage chairs and autopilot function. The Mercedes Benz has long been a classic luxury vehicle.
7. Mercedes Benz SL Class convertible. The base price is $95,575. Hot amenities include powerful xenon headlights and electronic truck closer. The Mercedes convertible is a sexy, luxury automobile.