Car Security Cafe

GPS auto Car Tracking Device The rise in the demand for Vehicle Security has been on the rise in the last decade, with about $6.4 billion was lost to motor vehicle theft in 2019. The average dollar loss per theft was $8,886. Motor vehicles were stolen at a rate of 219.9 per 100,000 people in 2019, down from 230.2 in 2018. In 2019, 721,885 vehicles were stolen, down 4.0 percent from 751,885 vehicles in 2018. Only about 20% of the stolen vehicles in 2018 were recovered, taking an average of 11 days to be found. 30% of recovered vehicles come back damaged. On average, the reported value of vehicle damage and vandalism is $1,490. Global car security system stood at a valuation of around USD 6.5 Billion by the end of the year 2015 and is projected to reach at a valuation of around USD 12.2 billion by the end of 2024. The figure is too huge to be true, but statistics do not lie (we all agree to that). Now, the Police and Security agencies are working tirelessly to curb 'car hijacking'