News Update

Mercedes Tops List of Stolen Luxury Vehicles

You may not be the only one eyeing your neighbor’s Mercedes, as a new report by the National Insurance Crime Bureau indicates that car thieves prefer Mercedes-Benz to other luxury brands. NICB says that the Mercedes-Benz C-Class, E-Class and S-Class are all among the top 10 stolen luxury vehicles. The report found that 4,384 luxury cars from the 2010-12 model years were stolen between Jan. 1, 2009 and Dec. 31, 2012.
Of the models analyzed, the Mercedes C-Class had the most thefts reported, followed by the BMW 3-Series, Infiniti G, E-Class and Cadillac CTS. The BMW 5-Series, Lincoln MKZ, Acura TSX, Lexus IS and S-Class round out the list of the top 10 most stolen luxury cars. The Detroit News points out that Mercedes-Benz sells more C-Class coupes and sedans than any other model. The automaker sold 7,639 C-Class models in June. In comparison, BMW sold 10,957 3-Series models, while Infiniti and Cadillac sold 4,730 G37 and 2,416 CTS models, respectively. “Mercedes has been around forever,” says Frank Scafidi, spokesman for NICB, in a phone interview with The Detroit News. “It’s really the car. They sell a lot of them.”
Certain areas of the country are also more prone to luxury vehicle thefts. NICB reports that the New York City area (including northern New Jersey and Long Island) had the most thefts with 806 incidents reported. Los Angeles and Miami came in second and third, with 491 and 452 thefts, respectively. Detroit, Washington, D.C., San Francisco, Atlanta, Philadelphia, Chicago and San Diego follow as the metropolitan areas with the highest rates of luxury vehicle thefts.
Of the 4,384 vehicles stolen, NICB reports that almost 84 percent were recovered, which leaves 713 luxury cars that were never found. Kicking Tires writes, “Least-recovered among those was the Infiniti G series (83 unrecovered), followed by the Mercedes-Benz E-Class (80) and C-Class (78).”
While NICB says that status and high prices make luxury cars susceptible to theft, a recent report by the Highway Loss Data Loss Institute indicates that other vehicles have a higher incidence of insurance theft claims. HLDI finds that the Ford F-250 has more theft claims than any other vehicle, with six times the average rate for all vehicles. Vehicles with the lowest claims include the Dodge Journey, Volkswagen Tiguan, Audi A4 and Acura RDX.

Diesel Vehicles are Less Expensive to Own

2013 Volkswagen Golf TDI (Volkswagen of America)
Although they often cost more up front, a new study indicates that diesel-powered cars, trucks and SUVs have lower ownership costs in the long run. In a press release, dieselforum.org says that diesel models cost $2,000 to $6,000 less to own over three to five years than comparable gas-powered vehicles. The study was conducted by the University of Michigan Transportation Research Institute for Robert Bosch LLC, which makes automotive parts for diesel- and gasoline-powered vehicles.
Diesel cars typically earn better fuel economy ratings than their gas-powered counterparts, but other variables are also at play when it comes to lower ownership costs. Autoblog writes, “The savings stem not just from improved fuel efficiency but also overall fuel costs and better retention of value, and take into account the added purchase price of a diesel engine over its gasoline counterpart.
The study finds that diesel-powered versions of small cars like the Volkswagen Golf and Jetta save their owners $5,013 and $3,128, respectively over the course of three years. Additionally, the Volkswagen Jetta SportWagen costs $3,389 less to own when equipped with a diesel engine.
The savings also translate to luxury cars and SUVs. Diesel versions of the Mercedes-Benz E-Class and M-Class save their owners $4,175 and $3,063, respectively, while the diesel-powered Mercedes R-Class costs $5,951 less to own. The diesel-powered Volkswagen Touareg and Mercedes GL-Class offer even bigger savings, with ownership costs that are $7,819 and $13,514 lower, in that order.
Some automotive journalists think that lower ownership costs will bolster consumer demand for diesel vehicles. The Los Angeles Times reports that the diesel-powered Volkswagen Jetta is “the third-most-considered vehicle by people shopping for alternative-fuel cars,” according to analysts at Edmunds.