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New figures show stolen vehicle recovery rate down from 80% to 28%

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As stolen vehicle recovery rates have plummeted, vehicle thefts in England and Wales are now costing insurers almost £1.5 billion per year.

Back in 2006, the average value of a stolen vehicle was £10,000. By 2021, this figure had doubled to £20,000. Research from LV= reveals that keyless car theft accounts for a large amount of stolen vehicle claims.

This content highlights the tactics used by car thieves and how AX Track can support the recovery of stolen vehicles and valuable assets.

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