youtubeAfter having 3 cars stolen from his car dealership and the police not coming up with any leads, despite the use of a surveillance tape, Adnan Sheikh (the owner) decided to use the power of the Internet and the social networking giant, YouTube, to help bring the thieves to justice. To make sure that anyone with any relevant information comes forward, Mr. Sheikh is also offering a $500 dollar reward.

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scam_email_alertCar sale scams are pretty common when you buy from other people directly who are not professional dealers, but these scams are easy to catch when you are there in person, checking the car out. However, nowadays with online shopping, buying a car online from someone that lives far away can make it very easy to get ripped off.

This is exactly what happened to Chris from Iowa. He bought a 2003 Ford Mustang Cobra through eBay Motors, got it delivered to him, and at first he believed that he had gotten the deal of a lifetime on his dream car.

“I mean it was a good price, but it was one of those ones where you go, is this too good to be true.¬† And you know I think back and yes it was it was too good to be true” said Chris.

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auto-thiefAccording to FBI records, about 956,846 cars were stolen in the year of 2008. This translates to 315 cars for every 100,000 people, which is a surprisingly low number compared to what it was 20 years ago. The FBI credits this decrease in car theft to new technologies including GPS tracking and ignition immobilizers that make stealing a car that much harder.

Russ Rader, spokesman for Highway Loss Data Institute, said “It’s a much tougher job to be a car thief today, the technology in new vehicles makes it much harder to make off with a car.” According to Charles Territo, spokesman for the Alliance of Automobile Manufacturers, he says that car companies are implementing safety features such as¬†ignition immobilizer electronic devices that block the engine from starting as well as GPS tracking systems. Territo explains that there were no GPS systems in cars 20 years ago, which made them easy targets for thieves. According to the Highway Loss Data Institute research shows now 86% of new cars are built with these device.

The chances of having your car stolen is about a third of what it was in 1989. Because of the new technologies available to consumers, there is less need to worry about loosing your vehicle to theft. However these new technologies do not replace the need for caution.

(Via USA Today)

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According to the National Insurance Crime Bureau, a vehicle is stolen every 26.4 seconds. Don’t be fooled by the quality of the car you own. According to the NICB, the average cost of stolen cars is $6,649. Car theft can be avoided with GPS Tracking or Car Security Cameras. Here are the top ten stolen autos of 2006. Is your car one of them?

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