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Florida luxury cars vanish as criminals export vehicles

Drivers of luxury vehicles in Florida should watch out. Their cars are the least likely in the U.S. to be returned if stolen.

By Laura Davison, Bloomberg | Updated on October 23, 2014
(Bloomberg) — Drivers of luxury vehicles in Florida should watch out. Their cars are the least likely in the U.S. to be returned if stolen.

More than 25 percent of luxury cars taken from the beginning of 2010 through 2013 were never returned to their Floridian owners, the National Insurance Crime Bureau said today in a report. Cars that go unrecovered are frequently dismantled and sold for parts in the U.S. or abroad. Nationwide, about 17 percent of stolen luxury vehicles in the period were never found, according to the data.

“Florida is surrounded by water and surrounded by ports,” Jason Mayberry, a Tampa-based trial lawyer who represents clients in theft cases, said in an interview. “It’s easier for them to be stolen and shipped overseas in a cargo box.”

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