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Gone in 26.4 Seconds

According to the National Insurance Crime Bureau's (NICB) annual "Hot Wheels" report, 1.2 million motor vehicles were stolen in 2006.

By Eric Gilkey | Updated on November 01, 2007

According to the National Insurance Crime Bureau’s (NICB) annual “Hot Wheels” report, 1.2 million motor vehicles were stolen in 2006, meaning one vehicle was stolen every 26.4 seconds.

While those figures indicate a 3.5 percent drop from last year’s numbers — and the third annual decrease in a row — it still adds up to some big losses for insurance companies. The NICB’s report stated that if each vehicle loss is estimated at $6,649, vehicle-value amounts could be as high as $8 billion alone.

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