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
TheStreet Open House

Why Halloween Leaves a Bad Taste With Car Owners

BOSTON ( TheStreet) -- Attention Halloween revelers: Don't be surprised if car thieves ignore their candy collection in favor of your car if you leave your vehicle unlocked or the keys in the ignition tonight.

That's because the National Insurance Crime Bureau has found that Halloween is the No. 1 holiday for U.S. auto thefts, with 13.3% more cars than average stolen that day.

"Halloween is a great day for professional car thieves, and there are more than a handful of cases where practical jokers also do stupid things that they wouldn't do otherwise," the NICB's Frank Scafidi says.

The NICB, an insurance-industry consortium, found that Americans reported 2,328 Halloween car thefts in 2011, the latest year the group has analyzed.

That's the highest number of auto rip-offs recorded for any of 11 holidays that the NICB tracks, as well as far above the 2,055 car thefts reported on the average 2011 day.

In fact, Halloween has placed no lower than third on a study that the NICB has produced every year since 2009 showing the worst holidays for car thefts.

Scafidi suspects automotive ghouls and goblins steal an inordinate number of cars on Oct. 31 for several reasons.

First, the holiday keeps an unusually high number of potential victims out late into the night, with revelers anxious to get to parties sometimes forgetting to lock their cars or parking in neighborhoods they're not familiar with.

At the same time, Halloween drinking increases the possibility of bad behavior on the part of practical jokers, as does the "anything-goes" attitude of a holiday where you dress up like something you're not.

"There's this general atmosphere of: 'We're not ourselves, and maybe we can even act like the fool that we're dressed as,'" Scafidi says. "So if you're dressed like Vin Diesel in XXX, why not steal a car?"

To make sure you still have your car Nov. 1, Scafidi recommends remembering to take basic precautions such as locking your vehicle's doors and taking the key with you, even if you're just running into a store. Ditto to turning on any car alarms or other security systems your ride has, no matter how briefly you plan to be away.

"We see it all of the time: People pull into a store for 10 seconds and run in with their car's engine running -- and that's all it takes for somebody who's been waiting there looking for that situation to jump in and drive away," Scafidi says.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%
TSLA $185.00 0.00%
YHOO $45.10 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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