The report says that the national vehicle recovery rate was 57 per cent, with higher rates in Atlantic Canada and Alberta.
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.
The organization said that most of the stolen vehicles in Quebec and Ontario are newer, because organized crime rings are focusing on new and luxury vehicles for maximum profit overseas. New Brunswick saw the most vehicle thefts among the Atlantic provinces at 55 per cent, which the association said the province may be related to its geographical location, bordering both Quebec and the U.S.Equite Association vice-president of investigative services Bryan Gast said in the press release that the techniques employed by those stealing vehicles are constantly evolving and becoming more sophisticated.
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