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Business car leasing customers warned about potential theft

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Wednesday, 2 December 2009
Category: Risk management

Posted by Ben Brown

A new study has suggested business car leasing customers could be among those most at risk of vehicle theft.

The research, which was published this week by used car valuation specialists HPI, revealed that compact executive vehicles and motors that fall into the 4x4 category are the most desirable to criminals.

It was noted that the latter topped the most-stolen listing at 14%, while the former was close behind at 11%. The third most taken cars were found to be roadsters, cabriolets and small family vehicles - all at 8%.

Nicola Johnson, consumer services manager for the group, said it was clear that compact executive-style cars and 4x4s were very much sought after by organised thieves.

"These [models] most commonly hitting our stolen register, together making up a quarter of the vehicles HPI reveals as currently stolen," she explained, adding that another big draw was vehicles between four and eight years old.

Ms Johnson concluded: "These cars account for a whopping total of 45%."

HPI recently announced it had renewed its contract with Inchcape UK for its data services.
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