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Old 07-25-2006, 07:49 AM   #1
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Lojack: Stolen Bike Trends

LoJack Reports Motorcycle Theft Trends for First Six Months of 2006

LoJack-Equipped Stolen Motorcycles Lead Police to Discover 37 Theft Rings; Arrest 12

WESTWOOD, Mass., July 25 /PRNewswire-FirstCall/ -- LoJack Corporation (NASDAQ:LOJN) , the leading provider of tracking and recovery systems for stolen mobile assets, today announced that stolen motorcycles equipped with the LoJack For Motorcycles recovery system have led police to uncover 37 motorcycle theft rings and arrest 12 criminals in the first six months of 2006.


Echoing the growing problem of bike theft are statistics from the National Insurance Crime Bureau released earlier this week, which indicated that more than 70,000 motorcycles were stolen in 2005, representing a loss of more than $430 million to consumers and insurance companies. While theft statistics for 2005 were relatively flat when compared with 2004, the jump in bike theft is dramatic over the past five years, climbing from approximately 30,000 in 2000 to more than 70,000 in 2005 -- nearly a 135 percent increase.


"Today, one bike is stolen every 7.5 minutes in this country, which is an alarming number for anyone who owns a motorcycle," said Richard T. Riley, LoJack Corporation's President and COO. "The growing popularity of bike riding is fueling bike theft, making it essential for bike owners to do everything possible to protect their vehicles from theft. The bottom line is that if today's professional thieves want your bike, they'll find a way to take it, which is why we believe recovery systems are such an important piece of the theft protection equation."


How Professional Thieves Work; Growing Trend of Using Vans to Steal Bikes


Motorcycle theft is a big business opportunity for professional thieves and many have a very systematic approach to making this crime pay off. One trend that LoJack's reports revealed thus far in 2006 is the use of vans (often stolen vans) to steal bikes. Vans provide a quick and easy way to conceal the stolen bike and ride off with it to a more discrete location.


Once thieves have the bike in their possession, they often strip it down for parts (eliminating those with identification numbers so the bike can't be traced back to the owner), and then resell the remaining parts or reuse them to build other bikes. They often build very pricey custom bikes that are actually made from stolen parts and aftermarket parts, and then sell them to unsuspecting buyers. Thieves may also sell the stolen bike whole, typically with altered identification numbers, making the bike just about impossible to trace back to its owner. Some are in the "exporting" business, in which they sell bikes or parts overseas that are almost never recovered. Unfortunately, many of these professional criminals excel at their job and can find a way to steal just about any bike they want. And, the more lavish the bike, the more desirable it is for thieves.
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Old 07-25-2006, 07:56 AM   #2
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Death to all bike theives. And peeps, take care of that bike! Dont leave it out in the open to be an easy target.
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Old 07-25-2006, 08:25 AM   #3
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**** thieves.
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Old 07-25-2006, 08:42 AM   #4
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Quote:
Originally Posted by jrock
Death to all bike theives. And peeps, take care of that bike! Dont leave it out in the open to be an easy target.
More like death to all thieves. :BangHead:
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Old 07-25-2006, 08:47 AM   #5
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Old 07-25-2006, 08:49 AM   #6
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home owners won't cover your bike.
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Old 07-25-2006, 08:51 AM   #7
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Old 07-25-2006, 08:54 AM   #8
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you'd better triple check, it's a motorized vehicle and USUALLY has to have it's own insurance, theft and all.
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Old 07-25-2006, 08:55 AM   #9
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Quote:
Originally Posted by ownage
i have home owners insurance =)

that, and one of the 'least likely to be stolen' bikes on MH




edit: actually, some ****** stole my POS armorall-and-rhino-lined R6, so you never know around here...
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Old 07-25-2006, 08:55 AM   #10
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Old 07-25-2006, 08:56 AM   #11
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Old 07-25-2006, 08:56 AM   #12
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Old 07-25-2006, 09:12 AM   #13
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whatever you say, your ride your $
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Old 07-25-2006, 09:13 AM   #14
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Then again not hard to spot a pink furred out bike.....
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Old 07-25-2006, 11:11 AM   #15
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Old 07-25-2006, 11:15 AM   #16
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I'm about to get a lo-jack...n e body got n e war stories or rumors or n e thing bad/good to say about lo-jack ?
signed-<i>a curious consumer</i>
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Old 07-25-2006, 12:05 PM   #17
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i leave my bike outside,every day,every night,with the key in the ignition, to thieves i say "come and get it"
Yeah, when I had "liability only" someone stole it......... then I added theft on it, leave it out in the open, and it's like nobody wants it. WTF
(I want to upgrade too)
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Old 07-25-2006, 12:19 PM   #18
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Quote:
Originally Posted by CaJuNsOuLjA
I'm about to get a lo-jack...n e body got n e war stories or rumors or n e thing bad/good to say about lo-jack ?
signed-<i>a curious consumer</i>
all i've heard is good things about it......a few bikes locally have been found thanks to it.
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Old 07-25-2006, 12:34 PM   #19
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Quote:
Originally Posted by RACER X
all i've heard is good things about it......a few bikes locally have been found thanks to it.
'preciate it...I've been weary of buying it because it is not exactly cheap and I want it to be worth every penny of that $800+...I'm curious tho, what the bikes found/ bikes irrevocably lost ratio is ?
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Last edited by CaJuNsOuLjA; 07-25-2006 at 12:36 PM.
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Old 07-25-2006, 12:40 PM   #20
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patrick at Motorcycles Unlimited is a lo-jack dealer/installer.. and i thought he advertised it for like 599 or somthing like that... do a search on the board. you might find it.,.
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