IRVINE, Calif., Aug. 12, 2021 /PRNewswire/
-- CalAmp (Nasdaq: CAMP), a connected intelligence
company helping businesses and people track, monitor and recover
vital assets with real-time visibility and insights, reports its
stolen vehicle recovery (SVR) solutions have successfully recovered
over $1.5 billion worth of vehicles
internationally from inception to date. The total includes £563
million by Tracker in the United
Kingdom, €290 million by LoJack Italia and over $8 billion (MXN) by LoJack Mexico. This
marks an important global milestone in CalAmp's history as it
celebrates its 40th anniversary this year.
CalAmp's proven SVR solutions have used radio frequency,
cellular and GPS tracking technology and direct integration and
communication with local law enforcement to help consumers,
automotive dealers, car rental agencies and insurers
worldwide to recover their stolen vehicles. CalAmp operates
LoJack's international footprint, including Tracker in the
United Kingdom, LoJack Italia,
LoJack Mexico and recently launched LoJack España. There are also
LoJack licensees worldwide in Belgium, The
Netherlands, South Africa,
Argentina, Chile, Peru,
and Ecuador, among other
countries.
In addition to cumulative figures from inception to date,
CalAmp's international entities offer insightful 2020 data on
vehicle theft risks, methods and recoveries in their respective
regions:
- Tracker: In 2020, Tracker successfully recovered
over £9 million worth of vehicles in the United Kingdom. The top three most stolen and
recovered vehicles were Range Rover models—the Sport, Vogue and
Autobiography. Notably, Range Rover and Land Rover vehicles
accounted for 37% of all stolen vehicles recovered by Tracker in
2020. Further analysis showed that 93% of all recovered vehicles
were stolen as a result of keyless car theft including relay
attacks, where thieves hijack the car key's signal, remotely unlock
the doors and start the engine.
- LoJack Italia: In Italy, LoJack Italia recovered €38.4 million
worth of vehicles last year. The most stolen vehicle was the Fiat
Panda, followed by the Fiat 500X and Toyota RAV4. The theft of
sport utility vehicles was 41% of the total vehicles stolen in the
second half of 2020 in Italy. The
most common theft method was keyless car theft accounting for 28%
of thefts in Italy in 2020—up 3%
from 2019.
- LoJack Mexico: In 2020, LoJack Mexico recovered
nearly $523 million (MXN) worth of
vehicles. The most stolen vehicle was the Volkswagen Vento,
followed by the Volkswagen Jetta and Seat Ibiza. While keyless car
theft including relay attacks, cloned keys and key jammers were all
methods used, 82% of thefts in Mexico were achieved through threats of
violence.
"Even as thieves worldwide look to more sophisticated means of
vehicle theft, our global customers can find peace of mind knowing
that our connected car solutions are equipped to help them protect
their investments and prevent potential losses. We're proud to be
making a difference and creating safer communities in every country
across our international footprint," said Jeff Gardner, CEO of CalAmp. "We have continued
to expand our connected car capabilities to provide automotive
OEMs, corporate fleets, car rental agencies and drivers even
greater visibility, intelligence and support for their vehicles on
the road."
CalAmp's connected car solutions include the LoJack
Connect consumer mobile app that offers vehicle location,
road-side assistance, CrashBoxx® crash response services,
accident reconstruction, and departure and arrival notifications.
The SmartDealer inventory management system provides dealers
with real-time intelligence into their vehicle inventory, including
operational health, location and alerts when vehicles enter or exit
defined areas. CalAmp has also recently expanded into electric
vehicle (EV) support to provide data on EV performance, driver
behavior and battery life.
For more information about CalAmp's full range of connected car
solutions, please visit:
www.calamp.com/solutions/connected-cars.
About CalAmp
CalAmp (Nasdaq: CAMP) is a connected
intelligence company that helps people and businesses work smarter.
We partner with transportation and logistics, industrial equipment,
government and automotive industries to deliver insights that
enable businesses to make the right decisions. Our applications,
platforms and smart devices allow them to track, monitor and
recover their vital assets with real-time visibility that reduces
costs, maximizes productivity and improves safety. Headquartered in
Irvine, California, CalAmp has
been publicly traded since 1983. We have 22 million products
installed and over 1.3 million software and services subscribers
worldwide. For more information, visit calamp.com, or LinkedIn,
Facebook, Twitter, YouTube or CalAmp Blog.
CalAmp, LoJack, TRACKER, Here Comes The
Bus, Bus Guardian, iOn
Vision, CrashBoxx and associated logos
are among the trademarks of CalAmp and/or its affiliates in
the United States, certain other
countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen
Vehicle Recovery (SVR) business from CalAmp and holds an exclusive
license to the LoJack mark in the United
States and Canada. Any
other trademarks or trade names mentioned are the property of their
respective owners.
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SOURCE CalAmp