£300M Worth of Stolen Cars Unrecovered in 2011

£300M Worth of Stolen Cars Unrecovered in 2011 PR Newswire LONDON, August 21, 2012 LONDON, August 21, 2012 /PRNewswire/ -- Three of the top five stolen car brands are in the luxury category Cars worth between £10k and £25k are least likely to be recovered as many are shipped abroad E s s e x is the unrecovered stolen car capital of the UK 65,000 stolen vehicles - worth an estimated £300 million* - were stolen and never recovered in 2011 alone, according to data released by car insurance provider swiftcover.com following analysis of thousands of theft claims. The work highlighted that more than two thirds (71 per cent) of stolen cars disappear, never to be seen again. Those that aren't recovered are either stripped for parts or shipped out of the country, according to swiftcover.com experts, while the brand of vehicle stolen has a significant part to play in whether the car is recovered or not. More expensive stolen cars worth up to £25,000 are more likely to disappear without a trace. Furthermore, swiftcover.com's data revealed that recovery rates vary between manufacturers with Land Rovers and Audis among the least likely vehicles to be recovered: 79 and 80 per cent respectively disappearing from our streets. However, niche, high-end vehicles are more vulnerable: of the seven Porsches stolen in 2011, none were recovered, while five of the six Subarus stolen in the same period were never seen again.