Colorado has one of the highest car theft rates in the nation. Over the past five years, car thefts in Colorado have surged by 98%.
For car thefts, Denver was the Colorado city with the most reported instances. Unsurprisingly, Denver International Airport is the most popular place for vehicles to be taken. Pueblo boasts one of the nation's highest per-capita theft rates, with 1,086 car thefts per 100,000 people.
Several factors are driving the uptick in Colorado car thefts. Rising crime rates during the pandemic included increased car theft. According to an investigation by 9News, repeat offenders are causing the majority of Colorado car thefts. Lakewood police Commander Mike Greenwell, head of the Metropolitan Auto Theft Task Force, said “two thirds of the people arrested for auto theft have prior auto-theft arrests.”
Car theft is also a crime where it’s hard to catch the offender. Of the 14,364 car thefts in Denver in 2022, only about 7% of cases saw an arrest.
Car theft can lead to higher costs and a major hassle for consumers, car dealerships and financial lenders. Buy Here, Pay Here dealers and other car dealerships, with most of their inventory sitting out on the lot, are exposed to potential theft. According to the FBI crime data, over 12,000 vehicles were stolen off dealership lots in 2022.
Car theft can be a major determinant to car dealerships' bottom lines. With such expensive inventory, lost assets mean increased liability, insurance issues and a decrease in revenue. These financial setbacks and disruptions in the operation can have a major impact on car dealerships with narrow profit margins.
Car dealerships should take proactive steps to ensure they protect their investment. Increased lot security, including cameras and security guards to monitor the lot, alarm systems and removable physical barriers, such as bollards, are all measures that can help keep the lot safe. Of course, anti-theft GPS trackers are one of the best tools for car theft prevention.
That’s just the start of car theft prevention. To protect your inventory, you need a GPS tracking solution that helps prevent theft and recovers a stolen vehicle quickly. PassTime has a variety of anti-theft GPS trackers to keep your investment from driving away for good.
With PassTime’s Oasis, car dealerships can use a tracking app to track all vehicles, whether they’re on or off the lot. Find reliable and accurate location data in a glance with our easy-to-use dashboard.
One of the best GPS tracking solutions is one thieves don’t even know is there. The Encore GPS weighs in at two ounces and is about the size of a deck of cards. Hide it in the car, under a seat, in the trunk or in the glove compartment. This battery-powered anti-theft GPS tracker allows you to track it via smartphone app, so you can find it right away if it’s stolen.
The 4th-generation Encore model now has 150% greater signal capture, accuracy and performance than previous generations. The GPS tracking solution also includes cellular-location technology. That provides a backup method of tracking, in case the car goes into hard-to-reach GPS location areas, including dense urban areas, parking garages or warehouses.
A GPS device in the vehicle can ensure you always know where the car is. And by having a GPS that alerts you if it’s trying to be removed, you have an extra layer of protection. With Select GPS or Elite GPS, you can be alerted if someone is trying to remove or tamper with the GPS or tow away the vehicle. Then you can use the state-of-the-art GPS tracker to find the vehicle and prevent theft.
Keep your car safe by ensuring it can’t drive away. With the PassTime Elite GPS, you can immobilize the car so it can no longer be driven. The thief will be stopped in their tracks, and you can use the anti-theft GPS tracker to locate it.
In the face of rising car theft, PassTime's solutions and customer support protect your assets and your bottom line. Find out how PassTime has helped clients recover their stolen vehicles. Contact us, and we can find a solution that works for you.
