Brief by Shorts91 Newsdesk / 02:17pm on 08 Jan 2024,Monday Business
Thefts of certain Hyundai and Kia models have skyrocketed by 1,000% in the past three years, spurred by social media posts revealing theft techniques. Data from the Highway Loss Data Institute reveals theft insurance claims for these vehicles surged over 1000% from H1 2020 to H1 2023. In the latter period, Hyundai and Kia thefts were over seven times higher than other manufacturers. Older models, especially those made between 2015 to 2019, lacking advanced anti-theft tech, are most vulnerable. A $200 million settlement was reached earlier this year with Hyundai and Kia for vehicle owners, including anti-theft software installation.
