Consumer Alert: NHTSA Reminds Drivers to Safeguard Their Vehicles

• July 23rd, 2024

With National Vehicle Theft Prevention Month wrapping up at the end of July, the U.S. Department of Transportation’s National Highway Traffic Safety Administration is reminding drivers to protect themselves year-round from this growing and costly problem, as vehicle theft can happen to anyone at any time.

Each year, vehicle theft costs Americans more than $8 billion. Victims are left handling the aftermath, such as higher insurance premiums and vehicle depreciation if they’re lucky enough to get their vehicle back. More than 1 million vehicles were stolen in 2023, a 25% increase in vehicle thefts over the previous few years. That’s the equivalent of one vehicle stolen every 31 seconds.

Read the full report here.