Car Theft Capital of the World: Canada Ranks First with One Car Stolen Every Five Minutes
Canada has recently acquired the unenviable title of the 'car theft capital of the world,' with an astonishing 105,000 vehicles stolen in 2022. This translates to one car being stolen every five minutes, a staggering statistic that has sent shockwaves through both national and international communities. Summarized Insights: • Canada: car theft capital globally. • 105,000 vehicles stolen in 2022. • INTERPOL actively involved now. • Financial impact severe for insurers. The situation has become so dire that the Insurance Bureau of Canada (IBC) has declared it a 'national crisis,' and INTERPOL has taken a keen interest in addressing the issue. According to INTERPOL, Canada has emerged as a significant source country for stolen motor vehicles in recent years. These vehicles are often shipped to the Middle East and West Africa, where they are traded or resold. Since February 2024, more than 1,500 stolen Canadian vehicles have been detected
