Loaders, Skid Steers Are Thieves' FavoritesCED Magazine March 2008
Article Date: 03-01-2006
Copyright(C) 2008 Associated Equipment Distributors. All Rights Reserved.
LoJack's annual study reveals the top stolen machines have not changed.
LoJack's fifth annual Construction Equipment Theft study found the machines that are stolen most haven't changed. For the fifth consecutive year, the top three targets for thieves are:
- loaders (backhoe-loaders and wheel loaders)
- skid-steers loaders
- generators and air compressors
The study found the newest equipment on the jobsite is the most likely target because of the higher resale value.
Theft rates continue to be high in states with rapid growth, large construction projects and warm climates. The top five states in construction equipment theft are California, Florida, Texas, Arizona and Georgia.
"We believe it is extremely important to educate the industry on the growing problem of theft," says Richard T. Riley, LoJack president and COO, "who's behind it and how to protect equipment. We started this survey five years ago because there was a lack of information about the mounting issue of theft in the industry. Our goal is to help companies understand how to better protect their businesses."
The 2005 LoJack Construction Equipment Theft Report is based on state theft statistics and equipment recoveries documented by LoJack in 21 states from January to December 2005.
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