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Shocking black market value of stolen cars revealed

Shocking black market value of stolen cars revealed
Motor thieves are stealing some of Britain’s most in-demand cars and selling them on the black market for as little as £1,000, according to vehicle protection and management technology provider AX

The most sought-after vehicles – usually those with a higher street value – include models from prestige brands such as Audi, BMW and Mercedes. 

Despite costing from between £18-100,000 to buy new, the vehicles are stolen and quickly sold on for a fraction of their retail or used value – sometimes for just £1,000.  

The investigation by AX further exposes the activities of car theft gangs as Home Office figures show the number of vehicles stolen in Britain has almost doubled in the last five years*. 

According to an AX source, criminals have put a black-market value of just £1,000 on an Audi A1, while a Land Rover Range Rover, which costs upwards of £80,000 when new, will go for £1,500-2,000. Once the theft has occurred, the vehicles are typically sold rapidly to a known network which then exports or dismantles them for parts. 

Director of Investigative Services at AX, Neil Thomas, said: “The list is quite shocking, despite my 30 years working in the police force. We know how the criminals operate but, with the UK theft figures in mind, it’s a sharp reminder of the problem car owners and the industry faces. 

“Rather than the cars that are stolen most in the UK, this list represents the criminals’ wish list of preferred targets. A typical, current Ford Fiesta, for example, would change hands for little more than £200. 

“Business and private owners alike are affected by the increase in thefts, so it’s paramount to take precautions to avoid being targeted, or ensure vehicles have robust covert technology so that they can be recovered. Most tracking devices are simply removed after being stolen.”  

“It is reassuring to see the Police Service now treating vehicle theft as part of organised crime and we will continue to support their work in any way we can” ¹ 

Last month, AX revealed that criminals are using WhatsApp groups to plan and execute car thefts as the UK vehicle crime wave continues, while further research also indicates the growing use of messaging application Telegram for organised vehicle theft. 

In 2017-18, nearly 112,000 cars were taken illegally, up from 75,308 in the 2013-14 financial year. 

The car thieves’ ‘shopping list’ of vehicles

 

Make / model

Retail Cost (from)

Post-theft value

Audi A1

£18k

£1k

Audi A3

£26k

£1k

Audi A4

£28k

£1k

Audi A5

£34k

£1k

BMW 2 Series

£25K

£1.5- £1.8k

BMW 3 Series

£31k

£1.5- £1.8k

BMW 4 Series

£34k

£1.5- £1.8k

BMW 5 Series

£36k

£1.5- £1.8k

BMW X5

£56k

£1.8k-£2k

Land Rover Range Rover

£84k

£1.5-£2k

Land Rover Range Rover SVR

£100k

£2k-£3k

Mercedes AMG

£36k

£2k- £3k

Mercedes C Class

£28k

£1k- £1.5k

 

AX helps businesses and drivers manage and protect their vehicles, providing devices and services to combat theft and fraud, as well as offering accident assistance services including recovery, repair and replacement cars. 

The motor fraud investigation and vehicle protection team at AX – formerly known as APU Ltd – was established ten years ago to combine technology with human intelligence. Staffed by former Police officers and forensic data analysts, AX has been successful in facilitating numerous motor fraud prosecutions in the UK and recovering stolen vehicles from across the UK, Europe and Africa.  

In 2015, AX Operatives tracked a vehicle stolen in the UK back to Uganda, collaborating with the NCA to discover and recover 36 stolen vehicles worth over one million pounds. 

For more information on motor fraud and AX services, please visit: https://www.ax-uk.com/innovation

*Article Source www.performancecomms.com