Car News

RCMP Bust Up Huge Luxury Car Theft Ring in Toronto

In recent years, car thieves have begun reprogramming electronic car key fobs, making it rather easy to steal brand-new vehicles and high-end luxury cars, which are commonly equipped with keyless entry and start.

The Royal Canadian Mounted Police recently busted up a car theft ring that was using this exact technique to lift cars and SUVs, including high-priced vehicles like a Mercedes-AMG GT, Bentley Continental GT, and a Range Rover.

The months-long investigation began when Peel Regional Police discovered $620,000 worth of "high-end vehicles" that were being stored in an industrial park in Mississauga. The vehicles were allegedly being prepped to be shipped overseas, where import tariffs on luxury goods help fuel a thriving black market for high-priced cars and SUVs.

The investigation resulted in a total of $2.2M worth of vehicles being recovered and led to the arrest of five suspects ranging in age from 23 to 42. Police say they are facing a raft of charges related to identity fraud, identity theft, possession of stolen property, and the trafficking stolen property.

"This has been a lengthy investigation, but when you hear the numbers, in some cases 20 cars stolen a week, it shocks you," Brampton Mayor Patrick Brown said in a prepared statement. "The fact that the police were so diligent in going after this investigation, using the techniques they have, is a big relief for Peel Region, a big relief for the City of Brampton."

So, if you're in the market for a luxury vehicle or sports car and are keen to get a good deal, you may want to see if Peel Regional Police have any auctions coming up. Something tells us they'll have an influx of them shortly...

Source: CBC