Saturday 17 June 2023

Auto theft is now a “crisis” in Canada, leading to $1B a year in losses, CFLA says

Global News on Youtube has the story.

As auto thefts surge across Canada, a new report is urging action to counter emboldened thieves.  

In Toronto, vehicle thefts have gone up about 300 per cent since 2015, according to a report released Thursday from the Canadian Financing and Leasing Association (CFLA), and the problem appears to only be getting worse. 

Michael Rothe, president and CEO of CFLA, says auto theft is a crisis in this country and can lead to $1 billion a year in losses. 

Kyle Benning has more on the growing problem and what can be done about it.

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