Vehicle Theft is on the Rise
The challenge of vehicle theft continues to plague the mobility industry – notably rental vehicles, car clubs, ride sharing, corporate lease and other fleet-focused businesses.
- 92,000 rental car thefts occurred in the US from 2015 to 2018
- 113,000 vehicle thefts in the UK in 2019
- ~10,000 vans and commercial vehicles stolen in the UK in 2018 – representing a 45 percent increase over the previous four years.
In some cases, the disappearance of a vehicle has less to do with theft and is often the result of an overdue vehicle being kept longer than its originally intended hire – such as is the case with vehicles in rental vehicle, car club and ride sharing businesses. Nevertheless, the focus shifts to the safe location and return of the asset.
While a number of disparate vehicle services and products exist on the market, they do not provide a comprehensive approach to confidently ensure vehicle security.
It’s time for your business to not be required to assume the headaches and challenges of self-managing key aspects of vehicle location and recovery.