Vehicle theft has become a national crisis, said Équité Association president and CEO Terri O'Brien
TORONTO — Vehicle theft in multiple provinces surged last year, according to insurance industry group Équité Association.
Cars are often either exported or "re-vinned," which means the Vehicle Identification Number has been changed, said the association, adding that the profit margins for stolen vehicles are high, while supply chain issues have contributed to a domestic market for re-vinned vehicles. It noted the lower recovery rates in Ontario and Quebec, at 45 per cent and 34 per cent respectively, saying this suggests vehicles stolen in those provinces are primarily being exported overseas or sold domestically.
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