The Winter Edition of our quarterly NICB News is now available. This edition looks at the Mystery Device thieves are using, thefts of vehicles with the keys left inside of them, and auto and crime issues in New Mexico.
DES PLAINES, Ill., May 26, 2015 — If leading the pack as a pace car at the Indianapolis 500 is any acknowledgement of a car’s connection to performance, then Chevrolet Camaro’s eight trips around the track is second only to the Corvette’s record of 13.
Although the Corvette’s pace car showings are more numerous, its first appearance was in 1978—25 years after its 1953 debut production. The Camaro’s first Indy 500 appearance was in 1967—the same year it was introduced to America.
From 1975 through 1989, drivers from various circuits (Indy, NASCAR, Formula One) raced against each other driving identically-prepared Chevy Camaros in the International Race of Champions* (IROC). For several years, Chevrolet produced a Camaro IROC-Z28 model in recognition of its IROC competition.
Market conditions caused Chevrolet to cease Camaro production after the 2002 model year and it remained dormant until 2010 when it re-emerged in its present—and popular—fifth-generation version. Chevrolet is looking for even greater results with the all-new, sixth-generation 2016 Camaro which will be available later this year.
NICB reviewed Camaro theft data from 1981-2014 and identified 486,783 theft records. Although theft data from 1967 is available, confidence in pre-1981 theft records is low due to the inconsistency in reporting protocols and vehicle identification number (VIN) systems in use prior to 1981. When the National Highway Traffic Safety Administration mandated standardized VINs beginning with the 1981 model year, that year became the benchmark for reliable data used in all Hot Wheels Classics reports.
The top five years for Camaro thefts were 1989 (35,881 thefts), 1988 (33,975), 1990 (33,576), 1987 (32,110) and 1991 (31,291). The top five model years for Camaro thefts were 1984 (54,533), 1986 (53,422), 1985 (43,238), 1982 (37,687) and 1987 (36,225).
See the complete report here, or copy and paste the link below into your web browser. /File%20Library/Public%20Affairs/CamaroAnnualTheftsthru2014for-release.xls
As always, readers should note that inconsistency and inaccuracy with vehicle theft reporting may impact the accuracy and reliability of this data.
Here are the top insurance fraud stories for today:
* New safety features reducing auto accidents (Insurance Information Institute)
* Three Virginia women face federal charges related to student loans, insurance fraud (IFA)
* Florida Man Ousted in Comp Fraud Case (Workerscompensation.com)
* Miami Man Sentenced for Identity Theft Tax Fraud Scheme Involving the Unauthorized Use of Debit Cards (FBI)
* Toronto man charged with auto insurance fraud (Canadian Underwriter)
* Washington State Man Tackled in Comp Fraud (Workerscompensation.com)
With any significant flooding event many vehicles get inundated with water. Whether it’s for a few hours or several days, exposure to water is unhealthy for a vehicle’s electronic components. With the count of damaged vehicles from Sandy already at 230,000—the risk of flood vehicles entering the commerce stream as used vehicles is high. Even as programs like NICB’s VINCheck and the National Motor Vehicle Title Information System have come online since Hurricane Katrina to prevent this sort of fraud, the possibility still exists for individuals to take flooded vehicles and resell them to unsuspecting consumers.
While the threat from this kind of scam is very real, consumers can protect themselves by following these tips.