/
News Article

Production Decline Increased Vehicle Theft: CANACAR

By Antonio Gozain | Thu, 11/11/2021 - 16:56

Light vehicle production decline following semiconductor shortages has increased three times the robbery of car transporters on Mexican roadways, said Ramón Medrano, President, National Chamber of Freight Transportation (CANACAR).

“Lately, we have seen an increase in the theft of new vehicles and this could be understood as a matter of supply and demand. There are no cars in dealerships (due to) the lack of components, chips and all this. That segment has unfortunately been very affected in the last days by the robbery issue,” said Medrano to El Economista.

The State of Mexico has suffered most robbery incidents but robberies in Michoacan, Jalisco and Guanajuato have increased in the last months, according to CANACAR. Robberies of car transporters is a “very concerning” issue, said Medrano, taking into account that other cargo trucks’ thefts have decreased by 8 percent.

Every single robbery case can cost millions. Car transporters themselves are worth MX$7 million (US$338,769) in average, in addition to the 8 to 12 vehicles they transport, with an average value of MX$12 million (US$580,710). Most thefts focus on SUVs but criminals are also targeting sedans and compacts, said Medrano. The issue is already being addressed with authorities. “We are going to organize regional strategies jointly with them, bringing more protection and modifying the way we operate, but we cannot do it alone, we really need the support from the authorities,” he said.

On the other hand, used vehicles theft has decreased, according to the Mexican Association of Insurance Institutions’ (AMIS) annual report, which found that 63,107 insured vehicles were reported as stolen between August 2020 and July 2021. These figures represent a 19 percent decrease when compared to 2019-2020’s report and a 2.6 percent decrease in the last six years, as reported by MBN.

From the 63,107 used, insured vehicles reported as stolen, 70 percent were robbed in only six states, including the State of Mexico and Jalisco, where new vehicle transporters are also being targeted. The problem is even more focalized. Out of 2,469 total municipalities across the entire country, vehicles stolen in Guadalajara made up 7.8 percent of all robberies, while Ecatepec de Morelos represented 6.4 percent of the incidents and Zapopan adding another 3.2 percent.

The data used in this article was sourced from:  
Pixabay
Antonio Gozain Antonio Gozain Journalist and Industry Analyst