Urban Insurance Agency Articles
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Car thefts surge 22% in Chicago
Car Thefts in Chicago. Hard financial times, coupled with falling credit scores, are making it more difficult for man to buy new cars. This can often leave people with cars in need of major, and very costly repairs. The cost structure required to operate a new car dealership, results in labor rates of $80 – $120 per hour. It is amazing the number of Parts for new cars can cost more than buying a 50″ flat-screen TV. The combination results in the shops quoting repair cost that can be in the thousands of dollars. This is at times a price higher than what the person can afford to pay, and result to People bringing their cars in for repairs at “Back-alley shops”. While a new car dealership would be crazy to risk their multi-million dollar investment to save some money buying “HOT parts”; the same is not always true. Please, I do not mean to imply that only dealers, or shops with gleaming clean floors and Mies van der Rohe furniture in their waiting rooms, are honest. I am just stating a well know fact, that shops that operate outside of the normal licensing, have a higher tendency to be buying Hot Parts. (At times the people running these shops might not even be aware the parts they are buying are stolen)....
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The Top Ten Most Stolen Vehicles
A 2005 report issued by the National Insurance Crime Bureau reveals the top 10 cars stolen in 2003 coincides with list of most popular vehicles. Car thieves are still going after the nations most commonly owned vehicles. It is clear that most of these autos are taken to fill the underground Market for replacement parts....
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