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WATCH LIVE

U.S. Car Thefts Decline for 8th Year on Security Gear

U.S. auto thefts probably fell for an eighth straight year in 2011 as security features made cars more difficult to steal, an insurance-industry group said.

Thefts dropped 3.3 percent last year from 737,142 in 2010, according to preliminary data released today by the National Insurance Crime Bureau. Thefts fell 7.2 percent in 2010 to the lowest levels since 1967, the NICB said, citing data from the Federal Bureau of Investigation.

“Manufacturers are providing much better theft protection today, and the higher you move up the food chain with vehicles, theft protection is enhanced,” Frank Scafidi, spokesman for the Des Plaines, Illinois-based NICB, said in an e-mail. “Technology is the game changer. What’s available on an entry- level model is one thing, but what comes as standard equipment on a high-end luxury car is quite another.”

Laredo, Texas, reduced thefts by 53 percent in two years, according to the NICB. Laredo Police Sgt. Eduardo Garcia of the auto-theft task force said the district attorney has helped identify repeat offenders who are responsible for 90 percent of vehicle thefts in the area.

“When we had a habitual offender coming in, the DA was able to pinpoint car thieves and put them in jail for a while,” Garcia said yesterday in a phone interview.

The New York City area, including northern New Jersey and Long Island, had 29,135 thefts last year, or about 153 per 100,000 people.

The State College, Pennsylvania, region reported the fewest thefts per capita of any U.S. metropolitan region for the 12th straight year, with 47 incidents. The region with the most thefts per capita was Fresno, California. It had about 808 cars stolen per 100,000 people.

To contact the reporter on this story: Steven Norton in New York at snorton7@bloomberg.net.

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

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Key Rates

  • Mortgage
  • Home Equity
  • Savings
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Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.34% 3.99%
30 Year Fixed 4.01% 3.66%
15 Year Fixed 3.11% 2.79%
10 Year Fixed 3.04% 2.89%
30 Year Fixed Refi 4.00% 3.64%
15 Year Fixed Refi 3.11% 2.79%
5/1 ARM 2.82% 2.59%
5/1 ARM Refi 2.82% 2.60%
View rates in your area »

Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.34% 5.34%
$50K HELOC 4.55% 4.56%
$75K HELOC 4.52% 4.57%
$100K HELOC 4.23% 4.27%
$30K Home Equity Loan 5.95% 5.97%
$50K Home Equity Loan 5.97% 6.01%
$75K Home Equity Loan 5.91% 5.97%
$100K Home Equity Loan 5.78% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.23% 1.23%
2 Year CD 0.70% 0.70%
1 Year CD 0.56% 0.57%
MMA $10K+ 0.46% 0.47%
MMA $50K+ 0.68% 0.69%
MMA Savings Jumbo 0.58% 0.59%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.72% 2.98%
48 Months Used Car 2.70% 2.93%
36 Months Used Car 2.76% 2.89%
72 Months New Car 2.50% 2.43%
60 Months New Car 2.66% 2.54%
48 Months New Car 2.58% 2.45%
60 Months Auto Refi 4.00% 4.15%
36 Months Auto Refi 3.57% 3.61%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.54% 15.53%
Platinum Fixed 12.70% 12.70%
View rates in your area »

Source: Bankrate.com