Car thefts in Israel have more than doubled in the last year, according to insurance company data.
Between 1,200 and 1,300 cars were stolen in December
alone, a 100% increase over the same month in 2021. The price of spare
components has risen sharply due to supply chain interruptions and a shortage
of new autos, increasing the demand for stolen parts.
Ninety-five percent of stolen autos wind up in the
Palestinian Authority. This could be termed an economic intifada. The newer cars
are even “ordered in advance” for use in the Palestinian Authority, the older
ones for the spare parts.
The average cost of a stolen car is $24,000-25,000,
requiring insurance companies to pay out more than $31 million each month and
more than $366 million for the year.
Insurance rates have risen 10% due to increased
theft, however, data from ta digital insurance service suggests that the rise
could be closer to 20%.
The Mazda 3 is the most commonly stolen vehicle,
followed by the Kia Picanto, Mazda 6, Hyundai Tuscon, Kia Niro, Mazda CX5, Kia
Sportage, and Hyundai Kona.
It seems that car thieves have not yet figured out
what to do with electric cars.
Tel Aviv had the most car stolen, accounting for 10%
of the total, followed by Petah Tikva (9%), Jerusalem (6%), Beersheva (5%) and
Netanya (4%).
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