Cadillac Escalade Remains the Prime Target for Thieves

| August 3, 2010 at 5:12 pm
News

2010 Cadillac Escalade

Cadillac Escalade may be one favorite choice of SUV fans but ironically its as much loved by car thieves in your town. According to a recent report by the Highway Data Loss Institute, Cadillac luxury SUV is the most popular target of thieves among 2007-09 model cars and trucks. On the other hand Volvo S80 leads the best list with overall losses equal to 4 percent of the average for all passenger vehicles.

Highway Data Loss Institute in conjuction with the Insurance Institute for Highway Safety (IIHS) have concluded that the Escalade ranks as the worst in overall theft losses , with $146 in theft payments per insured vehicle year. This is more than 10 times the $14 average theft payments per year for all passenger vehicles. Following next are Ford F-250 crew pickup, Infiniti G37 luxury car, and Dodge Charger with a HEMI engine. According to the reports, theft rates for these vehicles are 3 to 5 times as high as the average for all vehicles.Sedate, family cars and fuel-sippers aren’t on the hot list,” said Kim Hazelbaker, senior vice president of the Highway Loss Data Institute in Arlington, Va. “Thieves are after chrome, horsepower and Hemis.”

The reports reveal that losses for very large luxury SUVs are nearly 6 times as high as the $14 average for all passenger vehicles. Also very large pickups have the second highest overall theft losses, at $57 per insured vehicle year, and 2-door minicars have the lowest at $4 per insured vehicle year.

Hazelbaker added that “even though Escalades have the latest immobilizer technology, thieves still can put them on flatbeds and haul them away.”

Meanwhile, Volvo S80 tops the list of vehicles with  least theft losses followed by Saturn VUE 4WD, Nissan Murano, Saturn VUE and so on. Toyota Prius also remains in the list of these top ten vehicles with lowest losses. The average Escalade theft loss is $11,934, compared with $2,203 for the Prius.

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