Protect, Locate and Recover your Assets Every year thousands of passenger and recreational vehicles are stolen in the United States and Canada without ever being recovered. According to the Federal Bureau of Investigation’s (FBI) Uniform Crime Reports, a motor vehicle is stolen in the United States every 26.4 seconds. It is estimated that Americans pay more than $1 billion every year for the crime of auto theft, without even factoring in higher insurance premiums. Auto theft continues to cost the insurance industry over $600 million per year, which is then subsequently passed directly onto the consumers, meaning that even if an individual has never been a victim of auto theft, he or she is still indirectly paying for the loss being experienced by others. Car theft is a global problem; however the rate of cars stolen in Canada is among the highest in the world. According to Statistics Canada, a car is stolen every three minutes, averaging about 400 cars a day.Asset Positioning Solutions (“APS”) now has a solution to this ongoing problem through its advanced GPS Stolen Asset Recovery (“VTrak”) device, which, once installed in a vehicle, provides car owners with the peace of mind of having their asset protected at all times.
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