This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hot Wheels Classics: Thefts Of 1957 Chevrolets

Stylish Icon Remains a Collector's Dream Car

DES PLAINES, Ill., April 10, 2013 /PRNewswire-USNewswire/ -- The '57 Chevy is instantly recognized by auto enthusiasts the world over and equally cherished by discriminating auto thieves as well. Last August, none other than television therapist Dr. Phil McGraw had to be consoled after learning that his '57 Chevy, valued at $100,000 was stolen from a repair shop in Burbank, Calif. It was one of 42 thefts of '57 Chevys reported to law enforcement in 2012.

Long the national leader in overall vehicle thefts, it was not surprising that Dr. Phil's '57 Chevy was among California's theft statistics in 2012. Indeed, California posted the most '57 Chevy thefts (1958-2012) with 6,700. It was followed by Texas (2,171), New York (1,286), Washington (909), and Missouri (705).

The most '57 Chevy thefts occurred during calendar year 1972 when 3,071 were stolen. Then, in descending order, it was 1973 (2,682), 1974 (2,098), 1969 (1,648), and 1970 (1,478).

NICB reviewed '57 Chevy theft data contained in the National Crime Information Center (NCIC) vehicle theft file from 1958-2012 and identified 23,250 theft records. As always, readers should note that inconsistency and inaccuracy with vehicle theft reporting may impact the accuracy and reliability of this data.     

The full report is available here.

As soon as the '57 Chevy rolled off General Motors' assembly lines it was destined to be a classic. With its chrome-topped tail fins and twin chrome hood rockets, it was as forward thinking as it was striking in appearance. In "A Century of Chevrolet" published in October, 2011 by Automotive News, John Kraman, director of consignments for Mecum Auctions in Marengo, Ill. said, "These cars are so sought after and iconic because of the legacy buyers who put these cars on a pedestal. It's about the aura, the image and reputation, which have been somewhat romanticized by shows and books. It's the romantic notion that the past is better than the present."

Romantic notions aside, in 1957 Dr. Phil's Bel Air would have cost between $2,238 and $2,757, yet it is valued today at $100,000—not a bad bit of appreciation; and for a thief—all profit.

There is a happy ending to Dr. Phil's story, by the way. In December, officers from Los Angeles County's Taskforce for Regional Autotheft Prevention (TRAP)—which includes a NICB special agent—busted an auto theft ring in the Los Angeles area. Dr. Phil's '57 Chevy was among the stolen vehicles recovered at the scene.    

While most consumers do not own a classic '57 Chevy, their vehicle is as likely to be stolen as any other—if the circumstances allow. Don't leave keys in your vehicle and never leave it running while you stop for a quick visit at a convenience store—that's all it takes to become a statistic. NICB urges motorists to follow its " layered approach" to auto theft prevention." By employing these simple, low-cost suggestions, people can make their vehicles less attractive to thieves.

Anyone with information concerning vehicle theft and insurance fraud can report it anonymously by calling toll-free 1-800-TEL-NICB (1-800-835-6422), texting keyword "fraud" to TIP411 (847411) or by visiting our website at www.nicb.org. Or, iPhone or iPad users can download the NICB Fraud Tips app to make it easy to quickly send a tip and get a response.

About the National Insurance Crime Bureau:  headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through data analytics, investigations, training, legislative advocacy and public awareness. The NICB is supported by more than 1,100 property and casualty insurance companies and self-insured organizations. NICB member companies wrote over $319 billion in insurance premiums in 2011, or approximately 80 percent of the nation's property/casualty insurance. That includes more than 94 percent ( $152 billion) of the nation's personal auto insurance. To learn more visit www.nicb.org.

Facebook Twitter Blog YouTube LinkedIn

SOURCE National Insurance Crime Bureau

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs